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Earnings (Loss) Per Share
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share Earnings (Loss) Per Share
The Company analyzed the calculation of earnings (loss) per share for periods prior to the Transaction as described in Note 3, and determined that it resulted in values that would not be meaningful to the users of the consolidated financial statements. Therefore, earnings (loss) per share information has not been presented for periods prior to the Transaction on November 17, 2020.
The following is a reconciliation of basic and diluted earnings (loss) per share from continuing operations for the three months ended March 31, 2021:

Three Months Ended
March 31, 2021
Numerator for earnings (loss) per share calculation:
Net income attributable to GCM Grosvenor Inc. $2,547 
Exercise of private warrants (431)
Exercise of public warrants (2,787)
Exchange of Partnership units(9,479)
Net loss attributable to common stockholders, diluted
(10,150)
Denominator for earnings (loss) per share calculation:
Weighted-average shares, basic42,084,366
Exercise of private warrants - incremental shares under the treasury stock method307,858
Exercise of public warrants - incremental shares under the treasury stock method2,244,583
Exchange of Partnership units144,235,246 
Weighted-average shares, diluted 188,872,053
Basic EPS
Net income attributable to common stockholders, basic$2,547 
Weighted-average shares, basic 42,084,366
Net income per share attributable to common stockholders, basic$0.06 
Diluted EPS
Net loss attributable to common stockholders, diluted$(10,150)
Weighted-average shares, diluted188,872,053
Net loss per share attributable to common stockholders, diluted $(0.05)
Shares of the Company’s Class C common stock do not participate in the earnings or losses of the Company and are therefore not participating securities. As such, a separate presentation of basic and diluted earnings (loss) per share of Class C common stock under the two-class method has not been presented.
The following outstanding potentially dilutive securities were excluded from the calculation of diluted earnings (loss) per share attributable to common stockholders because their impact would have been antidilutive for the period presented:
As of March 31, 2021
Unvested restricted stock units
2,806,690