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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Schedule of earnings per share | The following table sets forth the computation of basic and diluted net income per common share (amounts in millions, except per share amounts):
| Three Months Ended March 31, |  |
Computation of Earnings Per Share | 2022 |  | 2021 |  |  |  |
Net income from continuing operations | $ | 658 |  |  | $ | 559 |  |  |  |  |
Less: Undistributed earnings from continuing operations attributable to participating stockholders | — |  |  | 5 |  |  |  |  |
Net income from continuing operations attributable to Mr. Cooper common stockholders | $ | 658 |  |  | $ | 554 |  |  |  |  |
Net income from discontinued operations | $ | — |  |  | $ | 2 |  |  |  |  |
Less: Undistributed earnings from discontinued operations attributable to participating stockholders | — |  |  | — |  |  |  |  |
Net income from discontinued operations attributable to Mr. Cooper common stockholders | $ | — |  |  | $ | 2 |  |  |  |  |
Net income | $ | 658 |  |  | $ | 561 |  |  |  |  |
Less: Undistributed earnings attributable to participating stockholders | — |  |  | 5 |  |  |  |  |
Net income attributable to common stockholders | $ | 658 |  |  | $ | 556 |  |  |  |  |
Earnings from continuing operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 8.91 |  |  | $ | 6.20 |  |  |  |  |
Diluted | $ | 8.59 |  |  | $ | 5.90 |  |  |  |  |
Earnings from discontinued operations per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | — |  |  | $ | 0.02 |  |  |  |  |
Diluted | $ | — |  |  | $ | 0.02 |  |  |  |  |
Earnings per common share attributable to Mr. Cooper: |  |  |  |  |  |  |
Basic | $ | 8.91 |  |  | $ | 6.22 |  |  |  |  |
Diluted | $ | 8.59 |  |  | $ | 5.92 |  |  |  |  |
Weighted average shares of common stock outstanding (in thousands): |  |  |  |  |  |  |
Basic | 73,864 |  |  | 89,458 |  |  |  |  |
Dilutive effect of stock awards | 2,704 |  |  | 3,590 |  |  |  |  |
Dilutive effect of participating securities | — |  |  | 839 |  |  |  |  |
Diluted | 76,568 |  |  | 93,887 |  |  |  |  |

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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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