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Earnings Per Share
6 Months Ended
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,
 20232023
Loss Per Share - Basic and Diluted
Numerator:
Net loss$(10,245)$(15,262)
Net loss attributable to Class C shareholders4,552 7,717 
Net loss attributable to other equity interest holders1,000 3,295 
Net loss attributable to noncontrolling and redeemable noncontrolling interests5,552 11,012 
Net loss attributable to Stagwell Inc. common shareholders$       (4,693)$       (4,250)
Denominator:
Weighted average number of common shares outstanding115,400 120,272 
Loss Per Share - Basic & Diluted$       (0.04)$       (0.04)
Anti-dilutive:
Class C Shares155,821 158,351 
Stock Appreciation Rights and Restricted Awards4,416 4,736 
Class A Shares to settle deferred acquisition obligations4,719 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,
20222022
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 outstanding126,425 124,367 
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 shareholders14,020 31,741 
$24,483 $54,879 
Denominator:
Basic - Weighted Average number of common shares outstanding126,425 124,367 
Stock appreciation right awards1,966 1,941 
Restricted share and restricted unit awards3,212 4,959 
Class A Shares131,603 131,267 
Class C shares164,811 167,576 
Dilutive - Weighted average number of common shares outstanding296,414 298,843 
Earnings Per Share - Diluted$       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.