Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share

Schedule of reconciliations of the numerators and denominators used to compute basic and diluted earnings

	Three Months Ended September 30,				Nine Months Ended September 30,
(In thousands except per share amounts)	2023		2022		2023		2022
Numerator:
Net income	$	30,893	$	102,948	$	100,519	$	408,232
Less: net income attributable to non-controlling interests		(14,932)		(61,822)		(52,686)		(238,065)
Net income attributable to Camping World Holdings, Inc. — basic	$	15,961	$	41,126		47,833		170,167
Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs		—		281		—		1,019
Add: reallocation of net income attributable to non-controlling interests from the assumed redemption of common units of CWGS, LLC for Class A common stock		11,468		—		40,037		—
Net income attributable to Camping World Holdings, Inc. — diluted	$	27,429	$	41,407	$	87,870	$	171,186
Denominator:
Weighted-average shares of Class A common stock outstanding — basic		44,666		41,985		44,538		42,419
Dilutive options to purchase Class A common stock		35		53		26		62
Dilutive restricted stock units		434		467		308		466
Dilutive common units of CWGS, LLC that are convertible into Class A common stock		40,045		—		40,045		—
Weighted-average shares of Class A common stock outstanding — diluted		85,180		42,505		84,917		42,947
Earnings per share of Class A common stock — basic	$	0.36	$	0.98	$	1.07	$	4.01
Earnings per share of Class A common stock — diluted	$	0.32	$	0.97	$	1.03	$	3.99
Weighted-average anti-dilutive securities excluded from the computation of diluted earnings per share of Class A common stock:
Restricted stock units		852		1,396		1,353		2,094
Common units of CWGS, LLC that are convertible into Class A common stock		—		42,045		—		42,045