EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2020

EARNINGS PER SHARE

Schedule of Basic and Diluted EPS Under Two-Class Method

	For the three months ended June 30,				For the six months ended June 30,
EPS Calculations (in thousands, except per share amounts)	2020		2019		2020		2019
Calculation of basic EPS
Walker & Dunlop net income	$	62,059	$	42,196	$	109,888	$	86,414
Less: dividends and undistributed earnings allocated to participating securities		1,873		1,328		3,392		2,835
Net income applicable to common stockholders	$	60,186	$	40,868	$	106,496	$	83,579
Weighted-average basic shares outstanding		30,352		29,985		30,288		29,834
Basic EPS	$	1.98	$	1.36	$	3.52	$	2.80
Calculation of diluted EPS
Net income applicable to common stockholders	$	60,186	$	40,868	$	106,496	$	83,579
Add: reallocation of dividends and undistributed earnings based on assumed conversion		25		25		57		62
Net income allocated to common stockholders	$	60,211	$	40,893	$	106,553	$	83,641
Weighted-average basic shares outstanding		30,352		29,985		30,288		29,834
Add: weighted-average diluted non-participating securities		508		759		672		886
Weighted-average diluted shares outstanding		30,860		30,744		30,960		30,720
Diluted EPS	$	1.95	$	1.33	$	3.44	$	2.72