(Loss) Earnings Per Share

12 Months Ended

Dec. 31, 2024

(Loss) Earnings Per Share

(Loss) Earnings Per Share

22. (Loss) Earnings Per Share

Basic (loss) earnings per share of Class A common stock is computed by dividing net (loss) income available 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 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 (loss) earnings per share of Class A common stock:

	Year Ended December 31,
(In thousands except per share amounts)	2024		2023		2022
Numerator:
Net (loss) income	$	(78,880)	$	52,929	$	337,832
Less: net (loss) income attributable to non-controlling interests		40,243		(19,557)		(214,084)
Net (loss) income attributable to Camping World Holdings, Inc. — basic		(38,637)		33,372		123,748
Add: reallocation of net income attributable to non-controlling interests from the assumed dilutive effect of stock options and RSUs		—		—		938
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		—		15,392		—
Net (loss) income attributable to Camping World Holdings, Inc. — diluted	$	(38,637)	$	48,764	$	124,686
Denominator:
Weighted-average shares of Class A common stock outstanding — basic		48,005		44,626		42,386
Dilutive options to purchase Class A common stock		—		20		56
Dilutive restricted stock units		—		281		412
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		48,005		84,972		42,854
(Loss) earnings per share of Class A common stock — basic	$	(0.80)	$	0.75	$	2.92
(Loss) earnings per share of Class A common stock — diluted	$	(0.80)	$	0.57	$	2.91
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		175		50		—
Restricted stock units		1,979		1,364		2,146
Common units of CWGS, LLC that are convertible into Class A common stock		40,007		—		42,045

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