Earnings Per Common Share (Tables)

9 Months Ended

Sep. 30, 2013

Earnings Per Common Share

Summary of basic and diluted earnings per share calculations

	Quarter ended September 30, 2013		Nine months ended September 30, 2013
	(in thousands, except per share amounts)
Basic earnings per share of common stock:
Net income attributable to common stockholders	$	5,197	$	7,990
Weighted-average shares outstanding	17,958		16,042
Basic earnings per share	$	0.29	$	0.50
Diluted earnings per share of common stock:
Net income	$	5,197	$	7,990
Effect of net income attributable to noncontrolling interest, net of tax	15,685		29,595
Diluted net income attributable to common stockholders	$	20,882	$	37,585
Weighted-average common stock outstanding	17,958		16,042
Dilutive potential exchangeable PennyMac Class A common units to common stock	57,888		59,804
Dilutive potential common stock—issuable under stock-based compensation plans	30		21
Diluted weighted-average common stock outstanding	75,876		75,867
Diluted earnings per share of common stock	$	0.28	$	0.50