XML 60 R39.htm IDEA: XBRL DOCUMENT v3.22.0.1
Noncontrolling and Redeemable Noncontrolling Interests (Tables)
12 Months Ended
Dec. 31, 2021
Noncontrolling Interest [Abstract]  
Noncontrolling Interest
Changes in the Company’s ownership interests in our less than 100% owned subsidiaries during the twelve months ended December 31, 2021 and 2020 were as follows:
 Twelve Months Ended December 31,
 20212020
Net income attributable to Stagwell Inc. common shareholders$21,036 $56,356 
Transfers from the noncontrolling interest:
Decrease in Stagwell Inc. Paid-in capital for purchase of RNCI and noncontrolling interests(26,538)— 
Net transfers from noncontrolling interests$(26,538)$— 
Change from net income (loss) attributable to Stagwell Inc. and transfers to noncontrolling interests$(5,502)$56,356 

The following table presents net income attributable to noncontrolling interests between holders of Class C shares and other equity interest holders for the twelve months ended December 31, 2021 and 2020:
Twelve Months Ended December 31,
20212020
Net income attribitable of Class C shareholders$6,126 $— 
Net income attribitable of other equity interest holders9,170 18,231 
Net income attributable to noncontrolling interests$15,296 $18,231 

The following table presents noncontrolling interests between holders of Class C shares and other equity interest holders as of December 31, 2021 and 2020:
December 31,
20212020
Noncontrolling interest of Class C shareholders$475,373 $— 
Noncontrolling interest of other equity interest holders32,914 39,787 
NCI attributable to noncontrolling interests$508,287 $39,787 
Redeemable Noncontrolling Interest
The following table presents changes in redeemable noncontrolling interests:
December 31,
20212020
Beginning Balance$604 $3,602 
Redemptions(15,231)— 
Acquisitions (1)
53,270 — 
Changes in redemption value3,834 128 
Net loss attributable to redeemable noncontrolling interests(412)(3,126)
Other1,299 — 
Ending Balance$43,364 $604 
(1) Approximately $26,000 represents redeemable noncontrolling interests acquired in connection with the acquisition of MDC. Approximately $27,000 represents redeemable noncontrolling interests acquired in connection with the purchase of the noncontrolling interest of Targeted Victory. See Note 4 of the Notes included herein for additional information related to the purchase of Targeted Victory.