Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.24.0.1
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table sets forth the computation of basic and diluted EPS for the years presented:

Year Ended December 31,
2023 2022 2021
(in thousands, except share and per share amounts)
Numerator
Net income attributable to Landsea Homes Corporation $ 29,236  $ 73,551  $ 52,786 
Less: undistributed earnings allocated to participating shares —  (1,706) (1,161)
Net income attributable to common stockholders $ 29,236  $ 71,845  $ 51,625 
 
Denominator
Weighted average common shares outstanding - basic 38,885,003  43,052,696  46,193,166 
Adjustment for weighted average participating shares outstanding —  (1,000,000) (994,444)
Adjusted weighted average common shares outstanding under two class method - basic 38,885,003  42,052,696  45,198,722 
Dilutive effect of share-based awards (1)
191,319  146,766  51,996 
Adjusted weighted average common shares outstanding under two class method - diluted 39,076,322  42,199,462  45,250,718 
 
Earnings per share
Basic $ 0.75  $ 1.71  $ 1.14 
Diluted $ 0.75  $ 1.70  $ 1.14 
(1)    Represents the dilutive effect of outstanding in-the-money options using the treasury stock method and shares expected to be issued under our RSU and PSU programs