Earnings (Loss) Per Share

6 Months Ended

Mar. 31, 2022

14. Earnings (Loss) Per Share

Basic earnings (loss) per share is computed by dividing net (loss) income attributable to Weber Inc. by the weighted average number of Class A common stock outstanding during the period. The weighted average number of Class A common stock outstanding during the period includes both the weighted average of Class A common stock outstanding as well as the weighted average of vested RSUs outstanding during the period. Shares of Class B common stock do not share in earnings and are not participating securities. Accordingly, separate presentation of earnings (loss) per share of Class B common stock under the two-class method has not been presented. Diluted earnings (loss) per share is calculated by giving effect to the potentially dilutive weighted average impact of profits interest awards, options, RSUs and HoldCo LLC Units that are convertible into shares of our Class A common stock when paired with an equal number of shares of Class B common stock.

Prior to the IPO, the Weber-Stephen Products LLC structure included only LLC common units issued and outstanding to pre-IPO LLC members. The Company analyzed the calculation of earnings per unit for periods prior to the IPO and determined that it resulted in values that would not be meaningful to the users of these condensed consolidated financial statements. Therefore, earnings per share information has not been presented for the prior period.

A reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings (loss) per share of Class A common stock is as follows:


	Three Months Ended March 31, 2022		Six Months Ended March 31, 2022
	(in thousands, except shares and per share data)
Numerator - basic:
Net loss	$	(51,313)	$	(125,866)
Less: Net income (loss) attributable to noncontrolling interests	3,137		(88,193)
Net loss attributable to Weber Inc. - basic	$	(54,450)	$	(37,673)
Numerator - diluted:
Net loss attributable to Weber Inc. - basic	$	(54,450)	$	(37,673)






Denominator - basic:
Weighted average of Class A common stock outstanding - basic	53,437,683		53,370,823
Denominator - diluted:
Weighted average of Class A common stock outstanding - basic	53,437,683		53,370,823







Earnings (loss) per share of Class A common stock - basic	$	(1.02)	$	(0.71)
Earnings (loss) per share of Class A common stock - diluted	$	(1.02)	$	(0.71)

The following number of weighted average potentially dilutive shares were excluded from the calculation of diluted loss per share because the effect of including such potentially dilutive shares would have been anti-dilutive:


	Three Months Ended March 31, 2022	Six Months Ended March 31, 2022
Paired Interests	240,072,035	239,523,385
Profits interest awards	9,813,570	10,147,330
Options	570,487	636,269
RSUs	468,146	736,252