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Supplemental Information (Tables) | 6 Months Ended
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Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements | following table presents the impact of the revisions on the Consolidated Statements of Operations for the periods presented:
| For the Twelve Months Ended December 31,
| 2019 |  | 2018 |  | 2017
| As Reported |  | Adjustment |  | As Revised |  | As Reported |  | Adjustment |  | As Revised |  | As Reported |  | Adjustment |  | As Revised
Revenue | $ | 1,415,803 |  |  | $ | — |  |  | $ | 1,415,803 |  |  | $ | 1,476,203 |  |  | $ | (1,115 | ) |  | $ | 1,475,088 |  |  | $ | 1,513,779 |  |  | $ | — |  |  | $ | 1,513,779 |
Impairment and other losses | 7,819 |  |  | 780 |  |  | 8,599 |  |  | 80,057 |  |  | 7,147 |  |  | 87,204 |  |  | 4,415 |  |  | 1,056 |  |  | 5,471 |
Total operating expenses | 1,335,563 |  |  | 780 |  |  | 1,336,343 |  |  | 1,466,507 |  |  | 7,147 |  |  | 1,473,654 |  |  | 1,381,820 |  |  | 1,056 |  |  | 1,382,876 |
Income (loss) before income taxes and equity in earnings of non-consolidated affiliates | 21,647 |  |  | (780 | ) |  | 20,867 |  |  | (80,407 | ) |  | (8,262 | ) |  | (88,669 | ) |  | 87,078 |  |  | (1,056 | ) |  | 86,022 |
Income tax expense (benefit) | 10,533 |  |  | (217 | ) |  | 10,316 |  |  | 31,603 |  |  | (1,988 | ) |  | 29,615 |  |  | (168,064 | ) |  | (294 | ) |  | (168,358 | )
Net income (loss) attributable to MDC Partners Inc. common shareholders | $ | (16,994 | ) |  | $ | (563 | ) |  | $ | (17,557 | ) |  | $ | (132,088 | ) |  | $ | (6,274 | ) |  | $ | (138,362 | ) |  | $ | 205,594 |  |  | $ | (762 | ) |  | $ | 204,832 |
Weighted Average Number of Common Shares Outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | 69,132,100 |  |  | — |  |  | 69,132,100 |  |  | 57,218,994 |  |  | — |  |  | 57,218,994 |  |  | 55,255,797 |  |  | — |  |  | 55,255,797 |
Diluted | 69,132,100 |  |  | — |  |  | 69,132,100 |  |  | 57,218,994 |  |  | — |  |  | 57,218,994 |  |  | 55,481,786 |  |  | — |  |  | 55,481,786 |
Income (loss) Per Common Share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic | $ | (0.25 | ) |  | $ | — |  |  | $ | (0.25 | ) |  | $ | (2.31 | ) |  | $ | (0.11 | ) |  | $ | (2.42 | ) |  | $ | 3.72 |  |  | $ | (0.01 | ) |  | $ | 3.71 |
Diluted | $ | (0.25 | ) |  | $ | — |  |  | $ | (0.25 | ) |  | $ | (2.31 | ) |  | $ | (0.11 | ) |  | $ | (2.42 | ) |  | $ | 3.71 |  |  | $ | (0.01 | ) |  | $ | 3.70 |
The following table presents the impact of the revisions on the Consolidated Balance Sheets for the periods presented:
| December 31, 2019 |  | December 31, 2018
| As Reported |  | Adjustment |  | As Revised |  | As Reported |  | Adjustment |  | As Revised
Accounts receivable | $ | 450,403 |  |  | $ | (1,115 | ) |  | $ | 449,288 |  |  | $ | 395,200 |  |  | $ | (1,115 | ) |  | $ | 394,085 |
Goodwill | 740,674 |  |  | (8,983 | ) |  | 731,691 |  |  | 740,955 |  |  | (8,203 | ) |  | 732,752 |
Deferred tax assets | 85,988 |  |  | (1,088 | ) |  | 84,900 |  |  | 92,741 |  |  | (1,305 | ) |  | 91,436 |
Total Assets | $ | 1,839,492 |  |  | $ | (11,186 | ) |  | $ | 1,828,306 |  |  | $ | 1,611,573 |  |  | $ | (10,623 | ) |  | $ | 1,600,950 |
Accumulated deficit | (469,593 | ) |  | (11,186 | ) |  | (480,779 | ) |  | (464,903 | ) |  | (10,623 | ) |  | (475,526 | )
Total Shareholders' Deficit | (179,389 | ) |  | (11,186 | ) |  | (190,575 | ) |  | (246,967 | ) |  | (10,623 | ) |  | (257,590 | )
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Deficit | $ | 1,839,492 |  |  | $ | (11,186 | ) |  | $ | 1,828,306 |  |  | $ | 1,611,573 |  |  | $ | (10,623 | ) |  | $ | 1,600,950 |

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- Definition Tabular disclosure of the nature and amount of prior period errors that had previously been considered immaterial and which are being corrected in the current fiscal year. This disclosure would also generally include when and how each error being corrected arose and assert that the errors were immaterial to the prior amounts reported. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 1.N) -URI http://asc.fasb.org/extlink&oid=112272810&loc=d3e30840-122693 + Details
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