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Supplemental Information | 9 Months Ended
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Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Supplemental Information | Supplemental Information Stock-Based Compensation & Purchase of Noncontrolling Interests The Company recognized stock-based compensation expense of $53,465 for the three and nine months ended September 30, 2021, of which $45,986 was for SMG unit awards (consisting of one share of the Company’s Class C Common stock and one Opco Common Unit) issued in the third quarter of 2021. Immediately following the acquisition of MDC, the Company issued 12,131 SMG unit awards, of which 6,661 were fully vested and 5,470 vest over a 6-month service period. E ach SMG unit award is exchangeable into one share of the Company’s Class A Common Stock. The unit awards were issued from Stagwell Media's total 179,970,051 Class C common shares and Stagwell OpCo common units issued to it in the business combination. Class C common shares and Stagwell OpCo common units. Immediately following the acquisition of MDC, t he Company also purchased the remaining interest it did not already own in Code and Theory (8.5%) and Observatory (8.1%) and an incremental interest in Targeted Victory (13.3%). The acquired interests were also funded from Stagwell Media’s total 179,970,051 Class C common shares and Stagwell OpCo common units issued to it in the business. A total of 6,930 units with a value of $37,560 were exchanged for the above interests in accordance with the business combination transaction agreement. See Note 1 for information related to the purchase of the remaining noncontrolling interest in Targeted Victory. Impairment and Other Losses The Company recognized a charge of $14,926 for the nine months ended September 30, 2021 primarily to reduce the carrying value of intangible assets within the Media Network reportable segment in connection with the abandonment of certain trade names as part of the rebranding of the Media Network.

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