Quarterly report pursuant to Section 13 or 15(d)

(LOSS) EARNINGS PER SHARE

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(LOSS) EARNINGS PER SHARE
3 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
(LOSS) EARNINGS PER SHARE (LOSS) EARNINGS PER SHARE
The following table presents our (loss) earnings per share for the three months ended March 31, 2023 and 2022 (in thousands, except per share amounts):
Three Months Ended March 31,
2023 2022
Net income attributable to Bridge Investment Group Holdings Inc. $ 2,034  $ 9,780 
Less:
Income allocated to Restricted Stock and RSUs —  (695)
Distributions on Restricted Stock and RSUs (1,306) (1,071)
Net income available to Class A common shareholders - basic $ 728  $ 8,014 
Incremental net loss from assumed exchange of Class A units (17,279) — 
Net (loss) income available to Class A Common Stockholders, diluted (16,551) 8,014 
Denominator:
Weighted-average shares of Class A common stock outstanding - basic 25,068,319  23,138,030 
Incremental shares from assumed exchange of Class A units 98,813,181  — 
Weighted-average shares of Class A common stock outstanding - diluted 123,881,500  23,138,030 
Earnings per share of Class A common stock - basic $ 0.03  $ 0.35 
(Loss) earnings per share of Class A common stock - diluted $ (0.13) $ 0.35 
Basic earnings per share is calculated by dividing earnings available to our Class A common shareholders by the weighted-average number of our Class A common shares outstanding for the period. Restricted Stock and RSUs that contain non-forfeitable rights to dividends are participating securities and are included in the computation of earnings per share pursuant to the two-class method. Accordingly, distributed and undistributed earnings attributable to unvested
Restricted Stock have been excluded as applicable, from earnings available to our Class A common stockholders used in basic and diluted earnings per share.
Diluted earnings per share of our Class A common stock is computed by dividing earnings available to Bridge Investment Group Holdings Inc., giving consideration to the reallocation of net income (loss) between holders of our Class A common stock and non-controlling interests, by the weighted-average number of shares of our Class A common stock outstanding adjusted to give effect to potentially dilutive securities, if any.
Shares of our Class B common stock do not share in the earnings or losses attributable to the Company and therefore are not participating securities. As a result, a separate presentation of basic and diluted earnings per share of Class B common stock under the two-class method has not been included.