Earnings Per Common Share

6 Months Ended

Jun. 30, 2024

12. Earnings Per Common Share

Basic and diluted net income (loss) per common share are calculated as follows:


	Three Months Ended June 30, 2024		Six Months Ended June 30, 2024
	Basic	Diluted	Basic	Diluted
Net income attributable to common shares	$148,200,000	$148,200,000	$213,800,000	$213,800,000
Weighted-average common shares outstanding	358,317,151	366,896,000	359,612,699	368,119,801
Net income per common share	$0.41	$0.40	$0.59	$0.58


	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
	Basic	Diluted	Basic	Diluted
Net income (loss) attributable to common shares	$(98,400,000)	$(98,400,000)	$2,300,000	$2,300,000
Weighted-average common shares outstanding	361,263,253	361,263,253	362,099,112	364,319,875
Net income (loss) per common share	$(0.27)	$(0.27)	$0.01	$0.01

The weighted-average common shares outstanding, basic and diluted, are calculated as follows:


	Three Months Ended June 30, 2024		Six Months Ended June 30, 2024
	Basic	Diluted	Basic	Diluted
The Carlyle Group Inc. weighted-average common shares outstanding	358,317,151	358,317,151	359,612,699	359,612,699
Unvested restricted stock units	—	7,872,625	—	7,302,954
Issuable common shares and performance-vesting restricted stock units	—	706,224	—	1,204,148
Weighted-average common shares outstanding	358,317,151	366,896,000	359,612,699	368,119,801


	Three Months Ended June 30, 2023		Six Months Ended June 30, 2023
	Basic	Diluted	Basic	Diluted
The Carlyle Group Inc. weighted-average common shares outstanding	361,263,253	361,263,253	362,099,112	362,099,112
Unvested restricted stock units	—	—	—	1,509,304
Issuable common shares and performance-vesting restricted stock units	—	—	—	711,459
Weighted-average common shares outstanding	361,263,253	361,263,253	362,099,112	364,319,875

The Company applies the treasury stock method to determine the dilutive weighted-average common shares represented

by the unvested restricted stock units. Also included in the determination of dilutive weighted-average common shares are

issuable common shares associated with the Company’s investment in NGP and performance-vesting restricted stock units. For

the three months ended June 30, 2023, all such awards are antidilutive and excluded from the computation of diluted earnings

per share given the net loss attributable to common stockholders.