Basic net income (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to Solo Brands, Inc. by the weighted average number of shares of Class A common stock outstanding during the period. Diluted net income (loss) per share of Class A common stock is computed by dividing net income (loss) attributable to Solo Brands, Inc. by the weighted average number of shares of Class A common stock outstanding adjusted to give effect to potentially dilutive securities.


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Net income (loss)	$	(4,037)	$	11,514	$	(10,521)	$	12,447
Less: Net income (loss) attributable to non-controlling interests	(926)		4,090		(4,008)		4,099
Net income (loss) attributable to Solo Brands, Inc.	$	(3,111)	$	7,424	$	(6,513)	$	8,348







Weighted average shares of Class A common stock outstanding - basic	58,291		63,620		58,180		63,143
Effect of dilutive securities	—		461		—		148
Weighted average shares of Class A common stock outstanding - diluted	58,291		64,081		58,180		63,291

Net income (loss) per share of Class A common stock outstanding - basic	$	(0.05)	$	0.12	$	(0.11)	$	0.13
Net income (loss) per share of Class A common stock outstanding - diluted	$	(0.05)	$	0.12	$	(0.11)	$	0.13

During the three months ended June 30, 2024 and 2023, 0.1 million and 0.3 million options and 2.5 million and 0.3 million restricted stock units, respectively, were not included in the computation of diluted net income per share because their effect would have been anti-dilutive. During the six months ended June 30, 2024 and 2023, 0.1 million and 0.4 million options and 1.7 million and 0.5 million restricted stock units, respectively, were not included in the computation of diluted net income per share because their effect would have been anti-dilutive.

The shares of Class B common stock and the granted PSUs are subject to a contingency that is not based on the Company’s share price or the price of the convertible instrument, as disclosed in Note 14 - Equity-Based Compensation, in the 2023 Form 10-K. As such, contingently convertible shares where conversion is not tied to a market price trigger or price of the convertible instrument are excluded from the calculation of diluted EPS until such time as the contingency has been resolved under the if-converted method. Additionally, the Company has issued EPSUs that contain a market condition and vest immediately upon satisfaction of said market condition. As a result of the immediate vesting feature, the EPSUs will in all cases be neither dilutive nor anti-dilutive.