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

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