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Loss Per Common Share | 3 Months Ended
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Mar. 31, 2017
Earnings Per Share [Abstract] |
Loss Per Common Share | 3. Loss Per Common Share The following table sets forth the computation of basic and diluted loss per common share:
| Three Months Ended March 31,
| 2017 |  | 2016
Numerator |  |  |
Net loss attributable to MDC Partners Inc. | $ | (10,566 | ) |  | $ | (23,632 | )
Accretion on convertible preference shares | (507 | ) |  | — |
Numerator for basic loss per common share - Net loss attributable to MDC Partners Inc. common shareholders | (11,073 | ) |  | (23,632 | )
Effect of dilutive securities: | — |  |  | — |
Numerator for diluted loss per common share- Net loss attributable to MDC Partners Inc. common shareholders | $ | (11,073 | ) |  | $ | (23,632 | )
Denominator |  |  |
Denominator for basic loss per common share - weighted average common shares | 52,998,244 |  |  | 50,002,552 |
Effect of dilutive securities: | — |  |  | — |
Denominator for diluted loss per common share - adjusted weighted shares and assumed conversions | 52,998,244 |  |  | 50,002,552 |
Basic loss per common share | $ | (0.21 | ) |  | $ | (0.47 | )
Diluted loss per common share | $ | (0.21 | ) |  | $ | (0.47 | )
During the three months ended March 31, 2017, options and other rights to purchase 1,263,635 shares of common stock, which includes 898,635 shares of non-vested restricted stock and restricted stock units, were outstanding and were excluded in the computation of diluted income per common share. Additionally, 1,445,921 shares of non-vested restricted stock and restricted stock unit awards which are contingent upon the Company meeting an undefined cumulative three year earnings target and continued employment are excluded from the computation of diluted income per common share as the contingency has not been satisfied at March 31, 2017. Lastly, there were 95,000 shares of Preference Shares outstanding which were convertible into 9,550,667 Class A common shares at March 31, 2017, and were excluded from the diluted income per common share calculation since the preference shareholders do not participate in net losses of the Company. During the three months ended March 31, 2016, options and other rights to purchase 1,498,535 shares of common stock, which includes 1,423,535 shares of non-vested restricted stock, were outstanding and were excluded in the computation of diluted income per common share.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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