XML 35 R22.htm IDEA: XBRL DOCUMENT v3.24.0.1
EQUITY
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
EQUITY EQUITY
The Company consolidates the financial results of LD Holdings and reports noncontrolling interest related to the interests held by the Continuing LLC Members. The noncontrolling interest of $351.3 million and $488.0 million as of December 31, 2023 and December 31, 2022, respectively, represented the economic interest in LD Holdings held by the Continuing LLC Members. The Continuing LLC Members have the right to exchange one Holdco Unit and one share of Class B common stock or Class C common stock, as applicable, together for cash or one share of Class A common stock at the Company’s election, subject to customary conversion rate adjustments for stock splits, stock dividends, and reclassifications. As Continuing LLC Members convert shares, noncontrolling interest is adjusted to proportionately reduce the economic interest in LD Holdings with an offset to additional paid-in-capital on the consolidated statements of equity. The following table summarizes the ownership of LD Holdings.
As of December 31,
20232022
Holding Member Interests:Holdco UnitsOwnership PercentageHoldco UnitsOwnership Percentage
loanDepot, Inc.181,054,42356.18%169,523,68253.78%
Continuing LLC Members141,234,52943.82%145,693,11946.22%
Total322,288,952100.00%315,216,801100.00%