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Income (Loss) Per Common Share | 12 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
Income (Loss ) Per Common Share | Income (Loss) Per Common Share The following table sets forth the computations of basic and diluted income (loss) per common share:
| Twelve Months Ended December 31, 2021
Numerator: |  |  |
Net loss attributable to Stagwell Inc. common shareholders | $ | (3,706) |  |  |
Denominator: |  |  |
Weighted average number of common shares outstanding | 90,426,215 |  |  |
Earnings Per Share - Basic & Diluted | $ | (0.04) |  |  |
Anti-dilutive: |  |  |
Class C shares | 179,970,051 |  |  |
Stock Appreciation Rights and Restricted Awards | 9,508,668 |  |  |
On September 23, 2021, the Company provided notices of conversion to each holder of record of each of the Company’s Series 6 and Series 8 Preferred Shares. Pursuant to the notices, the 50,000,000 issued and outstanding Series 6 Preferred Shares were converted into 12,086,700 Class A Common Shares, in the aggregate, on October 7, 2021, and the 73,849,000 issued and outstanding Series 8 Preferred Shares were converted into 20,948,746 Class A Common Shares, in the aggregate, on November 8, 2021. The combination of MDC and SMG was completed on August 2, 2021, which was treated as a reverse acquisition for financial reporting purposes. SMG was treated as the accounting acquirer and MDC was the accounting acquiree. Therefore, under applicable accounting principles, the historical financial results of SMG prior to August 2, 2021 are considered our historical financial results. Accordingly, historical information presented in this Form 10-K for events occurring or periods ending before August 2, 2021 does not reflect the impact of the Transactions or the financial results of MDC and may not be comparable with historical information for events occurring or periods ending on or after August 2, 2021. SMG’s equity structure, prior to the combination with MDC, was a non-unitized single member limited liability company, resulting in all components of equity attributable to the member being reported within Members' Capital. Given that SMG was a non-unitized single member limited liability company, net income (loss) prior to the combination is not applicable for purposes of calculating earnings per share. Therefore, the net income (loss) in the table above includes the income or loss for the period beginning on the acquisition date through the end of the respective reporting period and as such will not reconcile to the respective amounts presented within th e Consolidated Statements of Operations.

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