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Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2021
Earnings Per Share [Abstract] |
Schedule of earnings per share | The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):
| Three Months Ended June 30, |  | Six Months Ended June 30,
Computation of Earnings Per Share | 2021 |  | 2020 |  | 2021 |  | 2020
Net income (loss) from continuing operations | $ | 427 |  |  | $ | 77 |  |  | $ | 986 |  |  | $ | (82) |
Less: Net loss attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | (3) |
Less: Undistributed earnings from continuing operations attributable to participating stockholders | 4 |  |  | 1 |  |  | 9 |  |  | — |
Net income (loss) from continuing operations attributable to Mr. Cooper common stockholders | $ | 423 |  |  | $ | 76 |  |  | $ | 977 |  |  | $ | (79) |
Net income (loss) from discontinued operations | $ | 12 |  |  | $ | (4) |  |  | $ | 14 |  |  | $ | (16) |
Less: Undistributed earnings from discontinued operations attributable to participating stockholders | — |  |  | — |  |  | — |  |  | — |
Net income (loss) from discontinued operations attributable to Mr. Cooper common stockholders | $ | 12 |  |  | $ | (4) |  |  | $ | 14 |  |  | $ | (16) |
Net income (loss) | $ | 439 |  |  | $ | 73 |  |  | $ | 1,000 |  |  | $ | (98) |
Less: Net loss attributable to non-controlling interests | — |  |  | — |  |  | — |  |  | (3) |
Net income (loss) attributable to Mr. Cooper | 439 |  |  | 73 |  |  | 1,000 |  |  | (95) |
Less: Undistributed earnings attributable to participating stockholders | 4 |  |  | 1 |  |  | 9 |  |  | — |
Net income (loss) attributable to common stockholders | $ | 435 |  |  | $ | 72 |  |  | $ | 991 |  |  | $ | (95) |
Earnings from continuing operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 4.91 |  |  | $ | 0.82 |  |  | $ | 11.13 |  |  | $ | (0.86) |
Diluted | $ | 4.72 |  |  | $ | 0.81 |  |  | $ | 10.65 |  |  | $ | (0.86) |
Earnings from discontinued operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 0.14 |  |  | $ | (0.04) |  |  | $ | 0.16 |  |  | $ | (0.18) |
Diluted | $ | 0.13 |  |  | $ | (0.04) |  |  | $ | 0.15 |  |  | $ | (0.18) |
Earnings per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 5.05 |  |  | $ | 0.78 |  |  | $ | 11.29 |  |  | $ | (1.04) |
Diluted | $ | 4.85 |  |  | $ | 0.77 |  |  | $ | 10.80 |  |  | $ | (1.04) |
Weighted average shares of common stock outstanding (in thousands): |  |  |  |  |  |  |
Basic | 86,142 |  |  | 91,997 |  |  | 87,791 |  |  | 91,691 |
Dilutive effect of stock awards(1) | 2,664 |  |  | 176 |  |  | 3,123 |  |  | — |
Dilutive effect of participating securities(1) | 839 |  |  | 839 |  |  | 839 |  |  | — |
Diluted | 89,645 |  |  | 93,012 |  |  | 91,753 |  |  | 91,691 |
(1)For periods with net loss, the Company excluded potential common shares from the computation of diluted EPS because inclusion would be antidilutive.

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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 http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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