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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Calculation of Basic and Diluted Earnings per Share | The following table sets forth the calculation of the basic and diluted earnings per share for the period:
| Three Months Ended March 31, |  |
| 2023 |  | 2022 |  |  |  |
Net (loss) income | $ | (411,483) |  |  | $ | 1,036,608 |  |  |  |  |
Net loss (income) attributable to non-controlling interest | 392,960 |  |  | (982,896) |  |  |  |  |
Net (loss) income attributable to Rocket Companies | (18,523) |  |  | 53,712 |  |  |  |  |
Add: Reallocation of Net income attributable to vested, undelivered stock awards | — |  |  | 32 |  |  |  |  |
Net (loss) income attributable to common shareholders | $ | (18,523) |  |  | $ | 53,744 |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (loss) income attributable to Class A common shareholders - basic | $ | (18,523) |  |  | $ | 53,744 |  |  |  |  |
Add: Reallocation of net income attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) | (295,767) |  |  | 744,379 |  |  |  |  |
Add: Reallocation of net (loss) income attributable to dilutive impact of share-based compensation awards (2) | (163) |  |  | 1,418 |  |  |  |  |
Net (loss) income attributable to Class A common shareholders - diluted | $ | (314,453) |  |  | $ | 799,541 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding - basic | 124,732,722 |  | 122,691,728 |  |  |  |
Add: Dilutive impact of conversion of Class D shares to Class A shares | 1,848,879,483 |  | 1,848,879,483 |  |  |  |
Add: Dilutive impact of share-based compensation awards (3) | 1,017,603 |  | 3,807,921 |  |  |  |
Weighted average shares of Class A common stock outstanding - diluted | 1,974,629,808 |  | 1,975,379,132 |  |  |  |
(Loss) earnings per share of Class A common stock outstanding - basic | $ | (0.15) |  |  | $ | 0.44 |  |  |  |  |
(Loss) earnings per share of Class A common stock outstanding - diluted | $ | (0.16) |  |  | $ | 0.40 |  |  |  |  |
(1) Net (loss) income calculated using the estimated annual effective tax rate of Rocket Companies, Inc. (2) Reallocation of net (loss) income attributable to dilutive impact of share-based compensation awards for the three months ended March 31, 2023 and 2022 comprised of $(155) and $1,356 related to restricted stock units and $(8) and $62 related to TMSPP, respectively. (3) Dilutive impact of share-based compensation awards for the three months ended March 31, 2023 and 2022 comprised of 969,848 and 3,640,391 related to restricted stock units and 47,755 and 167,530 related to TMSPP, respectively.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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