EARNINGS (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2024

Basic earnings or loss per share is computed based on the weighted average number of shares of Class A and Class B common stock outstanding during the period using the two-class method. Diluted earnings or loss per share is computed based on the weighted average number of shares plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include RSUs for Class A common stock.

The following table sets forth the components of basic and diluted earnings per share for the periods presented:


(in thousands, except per share amounts)	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net (loss) income attributable to Guild	$	(66,892)	$	54,249	$	(811)	$	53,995

Weighted average shares outstanding—Class A Common Stock	21,057		20,623		20,946		20,607
Weighted average shares outstanding—Class B Common Stock	40,333		40,333		40,333		40,333
Weighted average shares outstanding—Basic	61,390		60,956		61,279		60,940

Add: dilutive effects of unvested shares of restricted stock	—		957		—		1,036
Weighted average shares outstanding—Diluted	61,390		61,913		61,279		61,976

(Loss) earnings per share attributable to Class A and Class B Common Stock:
Basic	$	(1.09)	$	0.89	$	(0.01)	$	0.89
Diluted	$	(1.09)	$	0.88	$	(0.01)	$	0.87

Approximately 1.2 million and 1.1 million potential shares of Class A common stock related to unvested RSUs were excluded from the calculation of diluted loss per share as a result of being anti-dilutive for the three and nine months ended September 30, 2024, respectively. No shares of Class A common stock were excluded from the calculation of earnings per share as a result for being anti-dilutive for the three and nine months ended September 30, 2023.