| Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three months ended March 31, 2023 and 2022:
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Three Months Ended March 31, |
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2023 |
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2022 |
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(dollars in thousands, except share and per share amounts) |
| Numerator |
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| Net income attributable to Landsea Homes Corporation |
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$ |
3,218 |
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$ |
13,065 |
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| Less: undistributed earnings allocated to participating shares |
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— |
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(289) |
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| Net income attributable to common stockholders |
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$ |
3,218 |
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$ |
12,776 |
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| Denominator |
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| Weighted average common shares outstanding - basic |
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39,997,699 |
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46,347,369 |
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| Adjustment for weighted average participating shares outstanding |
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— |
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(1,000,000) |
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| Adjusted weighted average common shares outstanding under two class method - basic |
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39,997,699 |
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45,347,369 |
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| Dilutive effect of warrants |
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— |
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— |
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| Dilutive effect of share-based awards |
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119,174 |
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161,187 |
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| Adjusted weighted average common shares outstanding under two class method - diluted |
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40,116,873 |
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45,508,556 |
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| Earnings per share |
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| Basic |
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$ |
0.08 |
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$ |
0.28 |
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| Diluted |
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$ |
0.08 |
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$ |
0.28 |
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