EARNINGS (LOSS) PER SHARE

6 Months Ended

Jun. 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 June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income (loss) attributable to Guild	$	37,583	$	36,936	$	66,081	$	(254)

Weighted average shares outstanding—Class A Common Stock	21,004		20,629		20,890		20,598
Weighted average shares outstanding—Class B Common Stock	40,333		40,333		40,333		40,333
Weighted average shares outstanding—Basic	61,337		60,962		61,223		60,931

Add: dilutive effects of unvested shares of restricted stock	1,056		839		1,052		—
Weighted average shares outstanding—Diluted	62,393		61,801		62,275		60,931

Earnings (loss) per share attributable to Class A and Class B Common Stock:
Basic	$	0.61	$	0.61	$	1.08	$	—
Diluted	$	0.60	$	0.60	$	1.06	$	—

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 and six months ended June 30, 2024 and for the three months ended June 30, 2023. Approximately 786,000 potential shares of Class A common stock related to unvested RSUs were excluded from the calculation of diluted loss per share for the six months ended June 30, 2023 because they were anti-dilutive due to the net loss.