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

Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Equity - (Unaudited)

Consolidated Statements of Equity - (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Cumulative Effect, Period of Adoption, Adjusted Balance	Common Stock	Common Stock Cumulative Effect, Period of Adoption, Adjustment	Common Stock Cumulative Effect, Period of Adoption, Adjusted Balance	Additional paid-in capital	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjustment	Additional paid-in capital Cumulative Effect, Period of Adoption, Adjusted Balance	Retained earnings	Retained earnings Cumulative Effect, Period of Adoption, Adjustment	Retained earnings Cumulative Effect, Period of Adoption, Adjusted Balance	Noncontrolling interests	Noncontrolling interests Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling interests Cumulative Effect, Period of Adoption, Adjusted Balance
Beginning balance (in shares) at Dec. 31, 2020	32,600,000			1,000	32,556,303	32,557,303
Beginning balance at Dec. 31, 2020	$ 529,486	$ 0	$ 529,486	$ 0	$ 3	$ 3	$ 496,174	$ (3)	$ 496,171	$ 32,011	$ 0	$ 32,011	$ 1,301	$ 0	$ 1,301
Increase (Decrease) in Shareholders' Equity
Recapitalization transaction, net of fees and deferred taxes (in shares)				13,673,722
Recapitalization transaction, net of fees and deferred taxes	31,662			$ 2			31,660
Vesting of restricted stock units (in shares)				50,066
Vesting of restricted stock units	0
Stock-based compensation expense	2,829						2,829
Net income (loss)	3,564									3,590			(26)
Ending balance (in shares) at Jun. 30, 2021				46,281,091
Ending balance at Jun. 30, 2021	567,541			$ 5			530,660			35,601			1,275
Beginning balance (in shares) at Mar. 31, 2021				46,231,025
Beginning balance at Mar. 31, 2021	556,658			$ 5			530,427			24,937			1,289
Increase (Decrease) in Shareholders' Equity
Recapitalization transaction, net of fees and deferred taxes	(220)						(220)
Vesting of restricted stock units (in shares)				50,066
Vesting of restricted stock units	0
Stock-based compensation expense	453						453
Net income (loss)	10,650									10,664			(14)
Ending balance (in shares) at Jun. 30, 2021				46,281,091
Ending balance at Jun. 30, 2021	$ 567,541			$ 5			530,660			35,601			1,275
Beginning balance (in shares) at Dec. 31, 2021	46,281,091			46,281,091
Beginning balance at Dec. 31, 2021	$ 621,397			$ 5			535,345			84,797			1,250
Increase (Decrease) in Shareholders' Equity
Shares issued under share based awards (in shares)				204,065
Cash paid for shares withheld for taxes	(848)						(848)
Stock-based compensation expense	1,872						1,872
Repurchase of common stock (in shares)				(5,559,577)
Repurchase of common stock	(40,200)			$ (1)			(40,199)
Contributions from noncontrolling interests	55,000												55,000
Net income (loss)	$ 27,915									28,000			(85)
Ending balance (in shares) at Jun. 30, 2022	40,925,579			40,925,579
Ending balance at Jun. 30, 2022	$ 665,136			$ 4			496,170			112,797			56,165
Beginning balance (in shares) at Mar. 31, 2022				46,047,328
Beginning balance at Mar. 31, 2022	630,480			$ 5			531,367			97,862			1,246
Increase (Decrease) in Shareholders' Equity
Cash paid for shares withheld for taxes	(176)						(176)
Stock-based compensation expense	1,354						1,354
Repurchase of common stock (in shares)				(5,121,749)
Repurchase of common stock	(36,376)			$ (1)			(36,375)
Contributions from noncontrolling interests	55,000												55,000
Net income (loss)	$ 14,854									14,935			(81)
Ending balance (in shares) at Jun. 30, 2022	40,925,579			40,925,579
Ending balance at Jun. 30, 2022	$ 665,136			$ 4			$ 496,170			$ 112,797			$ 56,165