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EARNINGS (LOSS) PER SHARE | 6 Months Ended
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Jun. 30, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share of Class A common stock and Class D common stock is computed by dividing net income (loss) 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 (loss) per share of Class A common stock and Class D common stock is computed by dividing net income (loss) 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. The basic and diluted earnings per share period for the six months ended June 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 June 30, 2022 and 2021. The following table sets forth the calculation of basic and diluted earnings (loss) per share for Class A common stock and Class D common stock:
| Three Months Ended |  | Six Months Ended
| June 30, 2022 |  | June 30, 2022
| Class A |  | Class D |  | Total |  | Class A |  | Class D |  | Total
Net loss attributable to loanDepot, Inc. | $ | (37,266) |  |  | $ | (63,662) |  |  | $ | (100,928) |  |  | $ | (45,531) |  |  | $ | (90,137) |  |  | $ | (135,669) |
Weighted average shares - basic | 56,795,709 |  |  | 97,026,671 |  |  | 153,822,380 |  |  | 49,138,217 |  |  | 97,276,918 |  |  | 146,415,135 |
Loss per share - basic | $ | (0.66) |  |  | $ | (0.66) |  |  | $ | (0.66) |  |  | $ | (0.93) |  |  | $ | (0.93) |  |  | $ | (0.93) |
Diluted loss per share: |  |  |  |  |  |  |  |  |  |  |
Net loss allocated to common stockholders - diluted | $ | (37,266) |  |  | $ | (63,662) |  |  | $ | (100,928) |  |  | $ | (45,531) |  |  | $ | (90,137) |  |  | $ | (135,668) |
Weighted average shares - diluted | 56,795,709 |  |  | 97,026,671 |  |  | 153,822,380 |  |  | 49,138,217 |  |  | 97,276,918 |  |  | 146,415,135 |
Loss per share - diluted | $ | (0.66) |  |  | $ | (0.66) |  |  | $ | (0.66) |  |  | $ | (0.93) |  |  | $ | (0.93) |  |  | $ | (0.93) |
| Three Months Ended |  | Six Months Ended
| June 30, 2021 |  | June 30, 2021
| Class A |  | Class D |  | Total |  | Class A |  | Class D |  | Total
Net income attributable to loanDepot, Inc. | $ | 678 |  |  | $ | 7,883 |  |  | $ | 8,561 |  |  | $ | 3,633 |  |  | $ | 49,803 |  |  | $ | 53,436 |
Weighted average shares - basic | 10,038,195 |  |  | 116,688,681 |  |  | 126,726,876 |  |  | 8,592,536 |  |  | 117,800,413 |  |  | 126,392,949 |
Earnings per share - basic | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 0.42 |
Diluted income per share: |  |  |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders - diluted | $ | 678 |  |  | $ | 7,883 |  |  | $ | 8,561 |  |  | $ | 3,633 |  |  | $ | 49,803 |  |  | $ | 53,436 |
Weighted average shares - diluted | 10,038,195 |  |  | 116,688,681 |  |  | 126,726,876 |  |  | 8,592,536 |  |  | 117,800,413 |  |  | 126,392,949 |
Earnings per share - diluted | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.42 |  |  | $ | 0.42 |  |  | $ | 0.42 |
For the three and six months ended June 30, 2022, 165,281,304 and 173,245,208 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 loss per share. For the three and six months ended June 30, 2022, 14,221,221 and 11,914,870 of Class A RSUs and nonqualified stock options were determined to be anti-dilutive, and thus excluded from the computation of diluted loss per share. For the three months ended June 30, 2021, 196,741,703 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 June 30, 2021, 197,366,213 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 June 30, 2021, 808,090 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share. For the period from February 11, 2021 to June 30, 2021, 748,185 of RSUs were determined to be anti-dilutive, and thus excluded from the computation of diluted earnings per share.

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