Earnings Per Share

3 Months Ended

Mar. 31, 2020

Earnings Per Share

Earnings Per Share

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)	2020		2019
Numerator:
Net loss	$	(14,129)	$	(26,807)
Less: net loss attributable to non-controlling interests		5,969		7,412
Net loss attributable to Camping World Holdings, Inc. — basic and diluted	$	(8,160)	$	(19,395)
Denominator:
Weighted-average shares of Class A common stock outstanding — basic and diluted		37,534		37,195
Loss per share of Class A common stock — basic	$	(0.22)	$	(0.52)
Loss per share of Class A common stock — diluted	$	(0.22)	$	(0.52)
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		738		859
Restricted stock units		1,732		1,444
Common units of CWGS, LLC that are convertible into Class A common stock		51,649		51,673

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.