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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, |  | Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Net income (loss) | $ | 177,925 |  |  | $ | 139,152 |  |  | $ | 468,639 |  |  | $ | (272,331) |
Net (income) loss attributable to non-controlling interest | (176,630) |  |  | (131,714) |  |  | (451,129) |  |  | 261,246 |
Net income (loss) attributable to Rocket Companies | $ | 1,295 |  |  | $ | 7,438 |  |  | $ | 17,510 |  |  | $ | (11,085) |
Numerator: |  |  |  |  |  |  |
Net income (loss) attributable to Class A common shareholders - basic | $ | 1,295 |  |  | $ | 7,438 |  |  | $ | 17,510 |  |  | $ | (11,085) |
Add: Reallocation of Net income (loss) attributable to dilutive impact of pro-forma conversion of Class D shares to Class A shares (1) | — |  |  | 97,491 |  |  | — |  |  | (198,229) |
Add: Reallocation of Net income (loss) attributable to dilutive impact of share-based compensation awards (2) | — |  |  | 206 |  |  | — |  |  | (269) |
Net income (loss) attributable to Class A common shareholders - diluted | $ | 1,295 |  |  | $ | 105,135 |  |  | $ | 17,510 |  |  | $ | (209,583) |
Denominator: |  |  |  |  |  |  |
Weighted average shares of Class A common stock outstanding - basic | 139,647,845 |  | 126,740,748 |  | 138,319,794 |  | 125,742,282
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) | — |  | 3,830,420 |  | — |  | 2,526,432
Weighted average shares of Class A common stock outstanding - diluted | 139,647,845 |  | 1,979,450,651 |  | 138,319,794 |  | 1,977,148,197
Earnings (loss) per share of Class A common stock outstanding - basic | $ | 0.01 |  |  | $ | 0.06 |  |  | $ | 0.13 |  |  | $ | (0.09) |
Earnings (loss) per share of Class A common stock outstanding - diluted | $ | 0.01 |  |  | $ | 0.05 |  |  | $ | 0.13 |  |  | $ | (0.11) |
(1) Net income (loss) is calculated using the estimated annual effective tax rate of Rocket Companies, Inc. (2) Reallocation of Net income (loss) attributable to dilutive impact of share-based compensation awards for the three months ended June 30, 2024 and 2023 comprised of zero and $203 related to RSUs and zero and $3 related to TMSPP, respectively. Reallocation of Net income (loss) attributable to dilutive impact of share-based compensation awards for the six months ended June 30, 2024 and 2023 comprised of zero and $(259) related to RSUs and zero and $(10) related to TMSPP, respectively. (3) Dilutive impact of share-based compensation awards for the three months ended June 30, 2024 and 2023 comprised of zero and 3,760,643 related to RSUs, and zero and 69,776 related to TMSPP, respectively. Dilutive impact of share-based compensation awards for the six months ended June 30, 2024 and 2023 comprised of zero and 2,431,355 related to RSUs and zero and 95,077 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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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