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Earnings Per Share | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 4. Earnings (Loss) Per Share The following table sets forth the computations of basic and diluted loss per common share for the three and six months ended June 30, 2023:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2023 |  | 2023
Loss Per Share - Basic and Diluted |  |  |
Numerator: |  |  |
Net loss | $ | (10,245) |  |  | $ | (15,262) |
Net loss attributable to Class C shareholders | 4,552 |  |  | 7,717 |
Net loss attributable to other equity interest holders | 1,000 |  |  | 3,295 |
Net loss attributable to noncontrolling and redeemable noncontrolling interests | 5,552 |  |  | 11,012 |
Net loss attributable to Stagwell Inc. common shareholders | $ | (4,693) |  |  | $ | (4,250) |
Denominator: |  |  |
Weighted average number of common shares outstanding | 115,400 |  |  | 120,272 |
Loss Per Share - Basic & Diluted | $ | (0.04) |  |  | $ | (0.04) |
Anti-dilutive: |  |  |
Class C Shares | 155,821 |  |  | 158,351 |
Stock Appreciation Rights and Restricted Awards | 4,416 |  |  | 4,736 |
Class A Shares to settle deferred acquisition obligations | 4,719 |  |  | 4,620 |
The following table sets forth the computations of basic and diluted earnings per common share for the three and six months ended June 30, 2022:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30,
|  | 2022 |  |  | 2022
Earnings Per Share - Basic |  | (amounts in thousands, except per share amounts)
Numerator: |  |  |  |  |
Net income |  | $ | 24,519 |  |  |  | $ | 58,141 |
Net income attributable to Class C shareholders |  | (14,020) |  |  |  | (31,741) |
Net income attributable to other equity interest holders |  | (36) |  |  |  | (3,262) |
Net income attributable to noncontrolling and redeemable noncontrolling interests |  | (14,056) |  |  |  | (35,003) |
Net income attributable to Stagwell Inc. common shareholders |  | $ | 10,463 |  |  |  | $ | 23,138 |
Denominator: |  |  |  |  |
Weighted Average number of common shares outstanding |  | 126,425 |  |  |  | 124,367 |
Earnings Per Share - Basic |  | $ | 0.08 |  |  |  | $ | 0.19 |
Earnings Per Share - Diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to Stagwell Inc. common shareholders |  | $ | 10,463 |  |  |  | $ | 23,138 |
Net income attributable to Class C shareholders |  | 14,020 |  |  |  | 31,741 |
|  | $ | 24,483 |  |  |  | $ | 54,879 |
Denominator: |  |  |  |  |
Basic - Weighted Average number of common shares outstanding |  | 126,425 |  |  |  | 124,367 |
Stock appreciation right awards |  | 1,966 |  |  |  | 1,941 |
Restricted share and restricted unit awards |  | 3,212 |  |  |  | 4,959 |
Class A Shares |  | 131,603 |  |  |  | 131,267 |
Class C shares |  | 164,811 |  |  |  | 167,576 |
Dilutive - Weighted average number of common shares outstanding |  | 296,414 |  |  |  | 298,843 |
Earnings Per Share - Diluted |  | $ | 0.08 |  |  |  | $ | 0.18 |
Restricted stock awards of 3.7 million and 1.0 million as of June 30, 2023 and 2022, respectively, were excluded from the computation of diluted earnings (loss) per common share because the performance contingencies necessary for vesting were not met as of the reporting date.

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