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				Nine Months Ended
	September 30,				September 30,
(In thousands except per share amounts)	2018		2017		2018		2017
Numerator:
Net income	$	47,909	$	83,752	$	147,000	$	238,468
Less: net income attributable to non-controlling interests		(33,893)		(64,163)		(101,772)		(192,013)
Net income attributable to Camping World Holdings, Inc. — basic		14,016		19,589		45,228		46,455
Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs		9		—		—		—
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		—		—		61,751		117,482
Net income attributable to Camping World Holdings, Inc. — diluted	$	14,025	$	19,589	$	106,979	$	163,937
Denominator:
Weighted-average shares of Class A common stock outstanding — basic		37,018		29,522		36,933		23,854
Dilutive options to purchase Class A common stock		—		—		104		—
Dilutive restricted stock units		37		—		103		—
Dilutive common units of CWGS, LLC that are convertible into Class A common stock		—		—		51,751		62,093
Weighted-average shares of Class A common stock outstanding — diluted		37,055		29,522		88,891		85,947

Earnings per share of Class A common stock — basic	$	0.38	$	0.66	$	1.22	$	1.95
Earnings per share of Class A common stock — diluted	$	0.38	$	0.66	$	1.20	$	1.91

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		903		1,063		611		1,086
Restricted stock units		1,639		362		851		246
Common units of CWGS, LLC that are convertible into Class A common stock		51,708		58,930		—		—

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.