Landsea Homes Corporation Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

The following table sets forth the computation of basic and diluted EPS for the three months ended March 31, 2022 and 2021:


	Three Months Ended March 31,
		2022		2021
		(dollars in thousands, except share and per share amounts)
Numerator
Net income (loss) attributable to Landsea Homes Corporation		$	13,065	$	(7,074)
Less: undistributed earnings allocated to participating shares		(289)		147
Net income (loss) attributable to common stockholders		$	12,776	$	(6,927)

Denominator
Weighted average common shares outstanding - basic		46,347,369		45,167,513
Adjustment for weighted average participating shares outstanding		(1,000,000)		(922,222)
Adjustment for weighted average shares vested but awaiting issuance		—		556
Adjusted weighted average common shares outstanding under two class method - basic		45,347,369		44,245,847
Dilutive effect of warrants		—		—
Dilutive effect of share-based awards		161,187		—
Adjusted weighted average common shares outstanding under two class method - diluted		45,508,556		44,245,847

Earnings per share
Basic		$	0.28	$	(0.16)
Diluted		$	0.28	$	(0.16)