EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2021

Earnings per Share

Basic earnings per share of Class A common stock and Class D common stock is computed by dividing net income attributable to loanDepot, Inc. by the weighted-average number of shares of Class A common stock and Class D common stock, respectively, outstanding during the period. Diluted earnings per share of Class A common stock and Class D common stock is computed by dividing net income attributable to loanDepot, Inc. by the weighted-average number of shares of Class A common stock and Class D common stock respectively, outstanding adjusted to give effect to potentially dilutive securities.

Earnings per share information has not been presented for the three and six months ended June 30, 2020. The basic and diluted earnings per share period for the three and six months ended June 30, 2021 represents the period after February 11, 2021, wherein the Company had outstanding Class A common stock and Class D common stock. There was no Class B common stock outstanding as of June 30, 2021.

The following table sets forth the calculation of basic and diluted earnings per share for the periods following the reorganization and IPO for Class A common stock and Class D common stock:


	Three Months Ended						Six Months Ended
	June 30, 2021							June 30, 2021
	Class A		Class D		Total				Class A		Class D		Total


Net income attributable to loanDepot, Inc.	$	678	$	7,883	$	8,561			$	3,633	$	49,803	$	53,436





Weighted average shares - basic	10,038,195		116,688,681		126,726,876				8,592,536		117,800,413		126,392,949

Earnings per share - basic	$	0.07	$	0.07	$	0.07			$	0.42	$	0.42	$	0.42





Net income allocated to common stockholders - diluted	$	678	$	7,883	$	8,561			$	3,633	$	49,803	$	53,436





Weighted average shares - diluted	10,038,195		116,688,681		126,726,876				8,592,536		117,800,413		126,392,949

Earnings per share - diluted	$	0.07	$	0.07	$	0.07			$	0.42	$	0.42	$	0.42

For the period from February 11, 2021 to June 30, 2021, 197,366,213 shares of Class C common stock were evaluated for the assumed exchange of noncontrolling interests and determined to be anti-dilutive, and thus were excluded from the computation of diluted earnings per share. For the three months ended June 30, 2021, 196,741,703 shares of Class C common stock were evaluated for the assumed exchange of noncontrolling interests and determined to be anti-dilutive, and thus were excluded from the computation of diluted earnings per share.

For the period from February 11, 2021 to June 30, 2021, 748,185 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share. For the three months ended June 30, 2021, 808,090 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share.