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Quarterly Results of Operations | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Information [Text Block] | Quarterly Results of Operations (Unaudited) The following table sets forth a summary of the Company’s consolidated unaudited quarterly results of operations for the years ended December 31, in thousands of dollars, except per share amounts.
| Quarters
| First |  | Second |  | Third |  | Fourth
Revenue: |  |  |  |  |  |  |
2019 | $ | 328,791 |  |  | $ | 362,130 |  |  | $ | 342,907 |  |  | $ | 381,975 |
2018 | $ | 326,968 |  |  | $ | 379,743 |  |  | $ | 375,830 |  |  | $ | 393,662 |
Cost of services sold: |  |  |  |  |  |  |
2019 | $ | 237,154 |  |  | $ | 240,749 |  |  | $ | 222,448 |  |  | $ | 260,725 |
2018 | $ | 243,030 |  |  | $ | 253,390 |  |  | $ | 238,690 |  |  | $ | 256,088 |
Net Income (loss): |  |  |  |  |  |  |
2019 | $ | 316 |  |  | $ | 7,333 |  |  | $ | 5,513 |  |  | $ | (1,696 | )
2018 | $ | (28,519 | ) |  | $ | 5,951 |  |  | $ | (13,667 | ) |  | $ | (75,713 | )
Net income (loss) attributable to MDC Partners Inc.: |  |  |  |  |  |  |
2019 | $ | (113 | ) |  | $ | 4,290 |  |  | $ | (1,752 | ) |  | $ | (7,115 | )
2018 | $ | (29,416 | ) |  | $ | 3,406 |  |  | $ | (16,125 | ) |  | $ | (81,598 | )
Income (loss) per common share: |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
2019 | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.07 | ) |  | $ | (0.15 | )
2018 | $ | (0.56 | ) |  | $ | 0.02 |  |  | $ | (0.32 | ) |  | $ | (1.46 | )
Diluted |  |  |  |  |  |  |
2019 | $ | (0.04 | ) |  | $ | 0.01 |  |  | $ | (0.07 | ) |  | $ | (0.15 | )
2018 | $ | (0.56 | ) |  | $ | 0.02 |  |  | $ | (0.32 | ) |  | $ | (1.46 | )
The above revenue, cost of services sold, and income (loss) have primarily been affected by acquisitions and divestitures. Historically, with some exceptions, the Company’s fourth quarter generates the highest quarterly revenues in a year. The fourth quarter has historically been the period in the year in which the highest volumes of media placements and retail related consumer marketing occur. Income (loss) have been affected as follows:
• | The fourth quarter of 2019 and 2018 included a foreign exchange gain of $4,349 and a loss of $13,324, respectively.
• | The fourth quarter of 2019 and 2018 included stock-based compensation charges of $18,408 and $1,534, respectively.
• | The fourth quarter of 2019 and 2018 included changes in deferred acquisition resulting in income of $9,030 and $8,979, respectively.
• | The fourth quarter of 2019 and 2018 included goodwill, right-of-use assets and related leasehold improvement impairment charges of $5,875 and goodwill and other asset impairment charges of $56,732, respectively.
• | The fourth quarter of 2019 included income tax benefit of $2,830 relating to the decrease to the Company’s valuation allowance. The fourth quarter of 2018 included income tax expense related to the increase of the Company’s valuation allowance of $49,447.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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