EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2021

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 years ended December 31, 2020 or December 31, 2019. The basic and diluted earnings per share period for the year ended December 31, 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 December 31, 2021.The following table sets forth the calculation of basic and diluted earnings per share for the period following the reorganization and IPO for Class A common stock and Class D common stock:


	Year Ended
		December 31, 2021
			Class A		Class D		Total


Net income attributable to loanDepot, Inc.			$	13,998	$	99,526	$	113,524





Weighted average shares - basic			16,029,314		113,969,580		129,998,894

Earnings per share - basic			$	0.87	$	0.87	$	0.87





Net income allocated to common stockholders - diluted			$	13,998	$	99,526	$	113,524





Weighted average shares - diluted			16,029,314		113,969,580		129,998,894

Earnings per share - diluted			$	0.87	$	0.87	$	0.87

For the period from February 11, 2021 to December 31, 2021, 192,465,222 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 December 31, 2021, 1,192,211 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share.