Landsea Homes Corporation Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

The following table sets forth the computation of basic and diluted EPS for the years ended December 31, 2021, 2020, and 2019:


	Year Ended December 31,
	2021		2020		2019
	(in thousands, except share and per share amounts)
Numerator
Net income (loss) attributable to Landsea Homes Corporation	$	52,786	$	(8,951)	$	17,200
Less: undistributed earnings allocated to participating shares	(1,161)		—		—
Net income (loss) attributable to common stockholders	$	51,625	$	(8,951)	$	17,200

Denominator
Weighted average common shares outstanding - basic	46,193,166		32,557,303		32,557,303
Adjustment for weighted average participating shares outstanding	(994,444)		—		—

Adjusted weighted average common shares outstanding under two class method - basic	45,198,722		32,557,303		32,557,303
Dilutive effect of warrants	—		—		—
Dilutive effect of share-based awards	51,996		—		—
Adjusted weighted average common shares outstanding under two class method - diluted	45,250,718		32,557,303		32,557,303

Earnings per share
Basic	$	1.14	$	(0.27)	$	0.53
Diluted	$	1.14	$	(0.27)	$	0.53