Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2020

The following table sets forth the computation of basic and diluted net income (loss) per common share (amounts in millions, except per share amounts):


	Three Months Ended June 30,						Six Months Ended June 30,
Computation of earnings per share	2020		2019		2020		2019
Net income (loss) attributable to Mr. Cooper	$	73	$	(87)	$	(95)	$	(273)
Less: Undistributed earnings attributable to participating stockholders	1		—		—		—
Net income (loss) attributable to common stockholders	$	72	$	(87)	$	(95)	$	(273)

Net income (loss) per common share attributable to Mr. Cooper:
Basic	$	0.78	$	(0.96)	$	(1.04)	$	(3.00)
Diluted	$	0.77	$	(0.96)	$	(1.04)	$	(3.00)

Weighted average shares of common stock outstanding (in thousands):
Basic	91,997		91,054		91,691		90,978
Dilutive effect of stock awards⁽¹⁾	176		—		—		—
Dilutive effect of participating securities⁽¹⁾	839		—		—		—
Diluted	93,012		91,054		91,691		90,978

⁽¹⁾For periods with net loss, the Company excluded potential common shares from the computation of diluted EPS because inclusion would be antidilutive.