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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2018
Earnings Per Share  
Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 

 

June 30, 

(In thousands except per share amounts)

 

2018

    

2017

    

2018

    

2017

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

81,815

 

$

105,093

 

$

99,091

 

$

154,716

Less: net income attributable to non-controlling interests

 

 

(53,784)

 

 

(85,749)

 

 

(67,879)

 

 

(127,850)

Net income attributable to Camping World Holdings, Inc. basic

 

 

28,031

 

 

19,344

 

 

31,212

 

 

26,866

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

 

 

36,156

 

 

 —

 

 

40,508

 

 

78,160

Net income attributable to Camping World Holdings, Inc. diluted

 

$

64,187

 

$

19,344

 

$

71,720

 

$

105,026

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares of Class A common stock outstanding — basic

 

 

36,964

 

 

22,977

 

 

36,890

 

 

20,973

Dilutive options to purchase Class A common stock

 

 

 —

 

 

 —

 

 

157

 

 

 —

Dilutive restricted stock units

 

 

83

 

 

 —

 

 

136

 

 

 —

Dilutive common units of CWGS, LLC that are convertible into Class A common stock

 

 

51,717

 

 

 —

 

 

51,773

 

 

63,700

Weighted-average shares of Class A common stock outstanding — diluted

 

 

88,764

 

 

22,977

 

 

88,956

 

 

84,673

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings per share of Class A common stock — basic

 

$

0.76

 

$

0.84

 

$

0.85

 

$

1.28

Earnings per share of Class A common stock — diluted

 

$

0.72

 

$

0.84

 

$

0.81

 

$

1.24

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share of Class A common stock:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options to purchase Class A common stock

 

 

920

 

 

1,083

 

 

462

 

 

1,097

Restricted stock units

 

 

896

 

 

226

 

 

450

 

 

187

Common units of CWGS, LLC that are convertible into Class A common stock

 

 

 —

 

 

62,586

 

 

 —

 

 

 —