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Consolidated Statements of Changes in Stockholders' Equity - USD ($)
$ in Thousands
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Treasury Stock
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Total LendingClub Stockholders’ Equity
Noncontrolling Interests
Beginning balances (in shares) at Dec. 31, 2018   0 85,928,127   456,540        
Beginning balances at Dec. 31, 2018 $ 870,981 $ 0 $ 864 $ 1,405,392 $ (19,485) $ 157 $ (517,727) $ 869,201 $ 1,780
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 79,944     79,944       79,944  
Net issuances under equity incentive plans, net of tax (shares) [1],[2]     2,665,309   4,851        
Net issuances under equity incentive plans, net of tax [1],[2] (19,903)   $ 26 (19,864) $ (65)     (19,903)  
ESPP purchase shares (in shares)     163,970            
ESPP purchase shares 2,412   $ 2 2,410       2,412  
Net issuances of stock related to acquisition 0                
Net unrealized gain on securities available for sale, net of tax (742)         (722)   (722) (20)
Dividends paid and return of capital to noncontrolling interests (1,815)               (1,815)
Consolidated net income (loss) (30,690) [3]           (30,745) (30,745) 55
Ending balances (in shares) at Dec. 31, 2019   0 88,757,406   461,391        
Ending balances at Dec. 31, 2019 900,187 $ 0 $ 892 1,467,882 $ (19,550) (565) (548,472) 900,187 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation 66,626     66,626       66,626  
Net issuances under equity incentive plans, net of tax (shares) [2]     3,692,185   5,658        
Net issuances under equity incentive plans, net of tax [2] (6,949)   $ 36 (6,914) $ (71)     (6,949)  
Net issuances of stock related to acquisition 0                
Net issuances of preferred stock in exchange for common stock (in shares) [4]   43,000 (4,300,081)            
Net issuances of preferred stock in exchange for common stock [4] (50,204)   $ (43) 43     (50,204) (50,204)  
Retirement of treasury stock (in shares)         (467,049)        
Retirement of treasury stock     $ (4) (19,617) $ 19,621        
Net unrealized gain on securities available for sale, net of tax 2,049         2,049   2,049  
Consolidated net income (loss) (187,538) [3]           (187,538) (187,538)  
Ending balances (in shares) at Dec. 31, 2020   43,000 88,149,510   0        
Ending balances at Dec. 31, 2020 724,171 $ 0 $ 881 1,508,020 $ 0 1,484 (786,214) 724,171 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Stock-based compensation $ 69,762     69,762       69,762  
Net issuances under equity incentive plans, net of tax (shares) 264,826   4,833,300 [2]   4,251 [2]        
Net issuances under equity incentive plans, net of tax [2] $ (9,387)   $ 48 (9,343) $ (92)     (9,387)  
Net issuances of stock related to acquisition (in shares) [5]     3,761,114            
Net issuances of stock related to acquisition [5] 41,462   $ 38 41,424       41,462  
Net issuances of preferred stock in exchange for common stock (in shares)   (43,000) 4,300,000            
Net issuances of preferred stock in exchange for common stock     $ 43 (43)          
Retirement of treasury stock (in shares)         (4,251)        
Retirement of treasury stock 92       $ 92     92  
Net unrealized gain on securities available for sale, net of tax 5,562         5,562   5,562  
Consolidated net income (loss) 18,580 [3]           18,580 18,580  
Ending balances (in shares) at Dec. 31, 2021   0 101,043,924   0        
Ending balances at Dec. 31, 2021 $ 850,242 $ 0 $ 1,010 $ 1,609,820 $ 0 $ 7,046 $ (767,634) $ 850,242 $ 0
[1] Includes shares purchased by the Company in lieu of issuing fractional shares in connection with a 1-for-5 reverse stock split effective on July 5, 2019.
[2] Includes shares that were transferred to the Company to satisfy payment of all or a portion of the exercise price in connection with the exercise of stock options.
[3] Prior period amounts have been reclassified to conform to the current period presentation. See “Notes to Consolidated Financial Statements Note 1. Summary of Significant Accounting Policies” for additional information.
[4] Includes a payment of $50.2 million that was recorded as a deemed dividend within accumulated deficit related to the beneficial conversion feature of the Series A Preferred Stock issued on March 20, 2020.
[5] Stock issued as part of the consideration paid related to the Acquisition. See “Notes to Consolidated Financial Statements – Note 2. Business Acquisition.