(Loss) Earnings Per Share

3 Months Ended

Mar. 31, 2024

(Loss) Earnings Per Share

(Loss) Earnings Per Share

18. (Loss) Earnings Per Share

Basic (loss) earnings per share of Class A common stock is computed by dividing net (loss) income attributable to Camping World Holdings, Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted (loss) earnings per share of Class A common stock is computed by dividing net (loss) income attributable 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 (loss) earnings per share of Class A common stock:

	Three Months Ended March 31,
(In thousands except per share amounts)	2024		2023
Numerator:
Net (loss) income	$	(50,806)	$	4,903
Less: net (loss) income attributable to non-controlling interests		28,499		(1,734)
Net (loss) income attributable to Camping World Holdings, Inc. — basic	$	(22,307)	$	3,169
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		(21,275)		1,297
Net (loss) income attributable to Camping World Holdings, Inc. — diluted	$	(43,582)	$	4,466
Denominator:
Weighted-average shares of Class A common stock outstanding — basic		45,047		44,455
Dilutive options to purchase Class A common stock		—		15
Dilutive restricted stock units		—		202
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		85,092		84,717
(Loss) earnings per share of Class A common stock — basic	$	(0.50)	$	0.07
(Loss) earnings per share of Class A common stock — diluted	$	(0.51)	$	0.05
Weighted-average anti-dilutive securities excluded from the computation of diluted (loss) earnings per share of Class A common stock:
Stock options to purchase Class A common stock		189		—
Restricted stock units		1,841		2,122

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 basic and diluted (loss) earnings per share of Class B common stock or Class C common stock under the two-class method has not been presented.