17. Earnings Per Share

Basic earnings per share of Class A common stock is computed by dividing net income available to Camping World Holdings, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted earnings per share of Class A common stock is computed by dividing net income available to Camping World Holdings, Inc. by the weighted-average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.

The following table sets forth reconciliations of the numerators and denominators used to compute basic and diluted earnings per share of Class A common stock:


	Three Months Ended
	March 31,
(In thousands except per share amounts)	2018		2017
Numerator:
Net income	$	17,276	$	49,623
Less: net income attributable to non-controlling interests		(14,095)		(42,101)
Net income attributable to Camping World Holdings, Inc. — basic		3,181		7,522
Add: Reallocation of net income attributable to non-controlling interests from the assumed exchange of common units of CWGS, LLC for Class A common stock		4,352		23,963
Net income attributable to Camping World Holdings, Inc. — diluted	$	7,533	$	31,485
Denominator:
Weighted-average shares of Class A common stock outstanding — basic		36,816		18,946
Dilutive common units of CWGS, LLC that are convertible into Class A common stock		51,830		64,826
Weighted-average shares of Class A common stock outstanding — diluted		88,646		83,772

Earnings per share of Class A common stock — basic	$	0.09	$	0.40
Earnings per share of Class A common stock — diluted	$	0.08	$	0.38

For the three months ended March 31, 2018, 0.9 million stock options and 1.2 million restricted stock units, respectively, were excluded from the weighted-average in the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive. For the three months ended March 31, 2017, 1.1 million stock options and 0.1 million restricted stock units were excluded from the weighted-average in the computation of diluted earnings per share of Class A common stock because the effect would have been anti-dilutive.

Shares of the Company’s Class B common stock and Class C common stock do not share in the earnings or losses of the Company and are therefore not participating securities. As such, separate presentation of basic and diluted earnings per share of Class B common stock or Class C common stock under the two-class method has not been presented.