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Earnings (Loss) Attributable to Inspirato Incorporated per Class A Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
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. As no shares of Class B Common Stock were issued as of March 31, 2025, the computation of basic and diluted earnings per share includes only Class A Common Stock.
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 per share is calculated by taking net income attributable to Inspirato Incorporated divided by weighted-average Class A Common Stock outstanding. In accordance with the two-class method, diluted earnings 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 basic EPS for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):
Three Months Ended March 31,
20252024
Net income and comprehensive income attributable to Inspirato Incorporated$1,622 $1,263 
Weighted average Class A Shares outstanding, Basic11,9223,595
Net income and comprehensive income attributable to Inspirato Incorporated per Class A Share, Basic$0.14 $0.35 
The following table presents the diluted EPS for the three months ended March 31, 2025 and 2024 (in thousands, except per share amounts):
Three Months Ended March 31,
20252024
Net income and comprehensive income attributable to Inspirato Incorporated$1,622 $1,263 
Impact of Note interest and fair market value adjustment attributable to Inspirato Incorporated Class A Shares66(2,066)
Net income (loss) attributable to common stockholders$1,688 $(803)
Weighted average Class A Shares outstanding, Basic11,9223,595
Effect of dilutive securities2,012850
Weighted average Class A Shares outstanding, Diluted13,9344,445
Net income (loss) and comprehensive income (loss) attributable to Inspirato Incorporated per Class A Share, Diluted$0.12 $(0.18)
The following securities are excluded from the computation of diluted shares for the three months ended March 31, 2025 and 2024 due to their anti-dilutive effects (in thousands):
Three Months Ended March 31,
20252024
Performance-based units768—
Public Warrants431431
Stock options118189
Restricted stock units78552
Anti-dilutive securities1,3951,172