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EARNINGS PER SHARE | 9 Months Ended
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Sep. 30, 2021
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE 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 three and nine months ended September 30, 2020. The basic and diluted earnings per share period for the three and nine months ended September 30, 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 September 30, 2021. The following table sets forth the calculation of basic and diluted earnings per share for the periods following the reorganization and IPO for Class A common stock and Class D common stock:
| Three Months Ended |  | Nine Months Ended |  |
| September 30, 2021 |  |  |  |  |  | September 30, 2021 |  |  |  |  |  |  |
| Class A |  | Class D |  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  | Class A |  | Class D |  | Total |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income attributable to loanDepot, Inc. | $ | 6,052 |  |  | $ | 45,423 |  |  | $ | 51,475 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9,233 |  |  | $ | 95,678 |  |  | $ | 104,911 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares - basic | 15,318,921 |  |  | 114,978,644 |  |  | 130,297,565 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,259,896 |  |  | 116,681,435 |  |  | 127,941,331 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 0.82 |  |  | $ | 0.82 |  |  | $ | 0.82 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders - diluted | $ | 6,052 |  |  | $ | 45,423 |  |  | $ | 51,475 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 9,233 |  |  | $ | 95,678 |  |  | $ | 104,911 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares - diluted | 15,318,921 |  |  | 114,978,644 |  |  | 130,297,565 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,259,896 |  |  | 116,681,435 |  |  | 127,941,331 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - diluted | $ | 0.40 |  |  | $ | 0.40 |  |  | $ | 0.40 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 0.82 |  |  | $ | 0.82 |  |  | $ | 0.82 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
For the period from February 11, 2021 to September 30, 2021, 195,111,599 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 three months ended September 30, 2021, 191,579,524 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 September 30, 2021, 1,008,758 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share. For the three months ended September 30, 2021, 1,405,281 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share.

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