EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 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:


	Three Months Ended March 31,
(in thousands, except per share amounts)
		2024		2023
Net income (loss) attributable to Guild		$	28,498	$	(37,190)

Weighted average shares outstanding—Class A Common Stock		20,776		20,567
Weighted average shares outstanding—Class B Common Stock		40,333		40,333
Weighted average shares outstanding—Basic		61,109		60,900

Add: dilutive effects of unvested shares of restricted stock		1,048		—
Weighted average shares outstanding—Diluted		62,157		60,900

Earnings (loss) per share attributable to Class A and Class B Common Stock:
Basic		$	0.47	$	(0.61)
Diluted		$	0.46	$	(0.61)

No shares of Class A Common stock were excluded from the calculation of earnings per share as a result of being anti-dilutive for the three months ended March 31, 2024. Approximately 0.6 million potential shares of Class A common stock related to unvested RSUs were excluded from the calculation of diluted loss per share for the three months ended March 31, 2023 because they were anti-dilutive due to the net loss.