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Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share | 9 Months Ended
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Sep. 30, 2024
Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share |
Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share | (11) Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share Basic and diluted earnings (loss) per share (“EPS”) is computed utilizing shares that participate in the Company’s earnings – including dividend rights. The Company’s Class A and Class B Common Stock are the classes of shares that are entitled to the Company’s earnings and dividends. EPS is computed using the two-class method. Under the two-class method, the Company allocates net income attributable to Inspirato Incorporated to Class A Common Stock (including those with vested share-based awards). Basic earnings per share is calculated by taking net income attributable to Inspirato Incorporated, less earnings allocated to Class A Common Stock, divided by the basic weighted-average Class A Common Stock outstanding. Net income (loss) per share is calculated by taking net income (loss) attributable to Inspirato Incorporated divided by weighted-average Class A Common Stock outstanding. In accordance with the two-class method, diluted earnings (loss) per share is calculated using the more dilutive of the impact of the treasury-stock method or from reducing net income for the earnings allocated to Class A Common Stock. The following table presents the Company’s basic EPS for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, | ​ | ​ | Nine Months Ended September 30,
​ |  | 2024 |  | 2023 |  | ​ | 2024 |  | 2023
Net income (loss) attributable to Inspirato Incorporated | ​ | $ | 4,332 | ​ | $ | (16,653) | ​ | ​ | $ | (3,112) | ​ | $ | (42,969)
Weighted average Class A Shares outstanding, Basic | ​ | ​ | 5,639 | ​ | ​ | 3,419 | ​ | ​ | ​ | 4,326 | ​ | ​ | 3,339
Net income (loss) attributable to Inspirato Incorporated per Class A Share, Basic | ​ | $ | 0.77 | ​ | $ | (4.87) | ​ | ​ | $ | (0.72) | ​ | $ | (12.87)
​ ​ ​ The following table presents the Company’s diluted EPS for the three and nine months ended September 30, 2024 and 2023 (in thousands, except per share amounts):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | ​ | Nine Months Ended September 30,
​ |  | 2024 |  | 2023 | ​ |  | 2024 |  | 2023
Net income (loss) attributable to Inspirato Incorporated | ​ | $ | 4,332 | ​ | $ | (16,653) | ​ | ​ | $ | (3,112) | ​ | $ | (42,969)
Impact of Note interest and fair market value adjustment attributable to Inspirato Incorporated Class A Shares | ​ | ​ | 267 | ​ | ​ | — | ​ | ​ | ​ | — | ​ | ​ | —
Net income (loss) attributable to common stockholders | ​ | $ | 4,599 | ​ | $ | (16,653) | ​ | ​ | $ | (3,112) | ​ | $ | (42,969)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Weighted average Class A Shares outstanding, Basic | ​ | ​ | 5,639 | ​ | ​ | 3,419 | ​ | ​ | ​ | 4,326 | ​ | ​ | 3,339
Effect of dilutive securities | ​ | ​ | 1,783 | ​ | ​ | — | ​ | ​ | ​ | — | ​ | ​ | —
Weighted average Class A Shares outstanding, Diluted | ​ | ​ | 7,422 | ​ | ​ | 3,419 | ​ | ​ | ​ | 4,326 | ​ | ​ | 3,339
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to Inspirato Incorporated per Class A Share, Diluted | ​ | $ | 0.62 | ​ | $ | (4.87) | ​ | ​ | $ | (0.72) | ​ | $ | (12.87)
​ Due to the net loss attributable to Inspirato Incorporated for the three months ended September 30, 2023 and the nine months ended September 30, 2024 and 2023, diluted weighted-average Class A shares outstanding are equal to basic weighted-average shares outstanding as the effect of any incremental equity awards is anti-dilutive. Additionally, the following securities are excluded from the computation of diluted shares for the three and nine months ended September 30, 2024 and 2023 due to their anti-dilutive effects (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, | ​ | ​ | Nine Months Ended September 30,
​ |  | 2024 |  | 2023 |  | ​ | 2024 |  | 2023
Restricted stock units | ​ | ​ | 601 | ​ | ​ | 866 | ​ | ​ | ​ | 694 | ​ | ​ | 860
Performance-based units | ​ | ​ | 261 | ​ | ​ | — | ​ | ​ | ​ | 88 | ​ | ​ | —
Stock options | ​ | ​ | 142 | ​ | ​ | 222 | ​ | ​ | ​ | 165 | ​ | ​ | 239
Public Warrants | ​ | ​ | 431 | ​ | ​ | 431 | ​ | ​ | ​ | 431 | ​ | ​ | 431
Investment Warrants | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | 192 | ​ | ​ | —
Investment Agreement Option | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​ | 1,458 | ​ | ​ | —
Note | ​ | ​ | — | ​ | ​ | 833 | ​ | ​ | ​ | 902 | ​ | ​ | 833
Anti-dilutive securities | ​ | ​ | 1,435 | ​ | ​ | 2,352 | ​ | ​ | ​ | 3,930 | ​ | ​ | 2,363
​

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