| Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted earnings per share (“EPS”) for the three and six months ended June 30, 2023 and 2022:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2023 |
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2022 |
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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 |
$ |
4,947 |
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$ |
14,935 |
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$ |
8,165 |
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$ |
28,000 |
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| Less: undistributed earnings allocated to participating shares |
— |
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(339) |
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— |
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(619) |
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| Net income attributable to common stockholders |
$ |
4,947 |
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$ |
14,596 |
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$ |
8,165 |
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$ |
27,381 |
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| Denominator |
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| Weighted average common shares outstanding - basic |
39,891,982 |
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44,081,762 |
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39,944,549 |
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45,208,307 |
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| Adjustment for weighted average participating shares outstanding |
— |
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(1,000,000) |
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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 |
39,891,982 |
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43,081,762 |
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39,944,549 |
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44,208,307 |
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| Dilutive effect of warrants |
— |
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— |
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— |
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— |
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| Dilutive effect of share-based awards |
79,749 |
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118,705 |
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115,182 |
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175,100 |
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| Adjusted weighted average common shares outstanding under two class method - diluted |
39,971,731 |
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43,200,467 |
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40,059,731 |
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44,383,407 |
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| Earnings per share |
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| Basic |
$ |
0.12 |
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$ |
0.34 |
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$ |
0.20 |
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$ |
0.62 |
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| Diluted |
$ |
0.12 |
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$ |
0.34 |
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$ |
0.20 |
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$ |
0.62 |
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