Basic net loss per share of Class A Common Stock is computed by dividing net loss attributable to the Company's earnings by the weighted-average number of shares of Class A Common Stock outstanding during the period. The weighted-average number of shares of Class A Common Stock outstanding used in computing basic net loss per share includes fully vested restricted stock units awarded to directors that are entitled to participate in distributions to common stockholders through receipt of additional units of equivalent value to the dividends paid to Class A Common Stock holders.

Diluted net loss per share of Class A Common Stock is computed similarly to basic net loss per share except the weighted-average shares outstanding are increased to include additional shares from the assumed exercise of any common stock equivalents using the treasury method, if dilutive. The Company's LLC Units and non-qualified stock options are considered common stock equivalents for this purpose. The number of additional shares of Class A Common Stock related to these common stock equivalents and stock options are calculated using the treasury stock method.

Stock awards with a performance condition that are based on the attainment of a specified amount of earnings are only included in the computation of diluted earnings per share to the extent that the performance condition would be achieved based on the current amount of earnings, and only if the effect would be dilutive.

Stock awards with a market condition that are based on the performance of the Malibu Boats, Inc.'s stock price in relation to a market index over a specified time period are only included in the computation of diluted earnings per share to the extent that the shares would be issued based on the current market price of the Malibu Boats, Inc.'s stock in relation to the market index, and only if the effect would be dilutive.

Basic and diluted net loss per share of Class A Common Stock has been computed as follows (in thousands, except share and per share amounts):


	Three Months Ended September 30,
	2025		2024
Basic:
Net loss attributable to Malibu Boats, Inc.	$	(702)	$	(5,048)
Shares used in computing basic net loss per share:
Weighted-average Class A Common Stock	19,041,502		19,747,549
Weighted-average participating restricted stock units convertible into Class A Common Stock	294,488		278,193
Basic weighted-average shares outstanding	19,335,990		20,025,742
Basic net loss per share	$	(0.04)	$	(0.25)

Diluted:
Net loss attributable to Malibu Boats, Inc.	$	(702)	$	(5,048)


Shares used in computing diluted net loss per share:
Basic weighted-average shares outstanding	19,335,990		20,025,742
Restricted stock units granted to employees	—		—
Stock options granted to employees	—		—
Market performance awards granted to employees	—		—
Diluted weighted-average shares outstanding 1	19,335,990		20,025,742
Diluted net loss per share	$	(0.04)	$	(0.25)

The shares of Class B Common Stock do not share in the earnings or losses of Malibu Boats, Inc. and are therefore not included in the calculation. Accordingly, basic and diluted net loss per share of Class B Common Stock have not been presented.