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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Calculation of Numerator and Denominator in Earnings Per Share | The following tables set forth the computations of basic and diluted loss per common share for the three and nine months ended September 30, 2023 (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |  |
| 2023 |  |
Earnings Per Share - Basic |  |  |
Numerator: |  |  |
Net income | $ | 3,117 |  |  |
Net income attributable to Class C shareholders | (33) |  |  |
Net income attributable to other equity interest holders | (2,431) |  |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (2,464) |  |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |  |
Denominator: |  |  |
Weighted average number of common shares outstanding | 110,787 |  |  |
Earnings Per Share - Basic | $ | 0.01 |  |  |
Earnings Per Share - Diluted |  |  |
Numerator: |  |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |  |
Net income attributable to Class C shareholders | 33 |  |  |
| $ | 686 |  |  |
Denominator: |  |  |
Basic - Weighted Average number of common shares outstanding | 110,787 |  |  |
Dilutive shares: |  |  |
Stock appreciation rights | 407 |  |  |
Restricted share and restricted unit awards | 2,139 |  |  |
Employee Stock Purchase Plan shares | 24 |  |  |
Class A shares | 113,357 |  |  |
Class C shares | 151,649 |  |  |
Diluted - Weighted average number of common shares outstanding | 265,006 |  |  |
Earnings Per Share - Diluted | $ | 0.00 |  |  |
Anti-dilutive: |  |  |
Class A Shares to settle deferred acquisition obligations | 7,480 |  |  |
| Nine Months Ended September 30,
| 2023
Earnings Per Share - Basic |
Numerator: |
Net loss | $ | (12,145) |
Net loss attributable to Class C shareholders | 7,684 |
Net loss attributable to other equity interest holders | 864 |
Net loss attributable to noncontrolling and redeemable noncontrolling interests | 8,548 |
Net loss attributable to Stagwell Inc. common shareholders | $ | (3,597) |
Denominator: |
Weighted average number of common shares outstanding | 118,772 |
Earnings Per Share - Basic & Diluted | $ | (0.03) |
Anti-dilutive: |
Class C Shares | 151,649 |
Stock Appreciation Rights and Restricted Awards | 5,532 |
Class A Shares to settle deferred acquisition obligations | 6,843 |
Employee Stock Purchase Plan shares | 72 |
The following table sets forth the computations of basic and diluted earnings per common share for the three and nine months ended September 30, 2022:
|  | Three Months Ended September 30, |  |  | Nine Months Ended September 30,
|  | 2022 |  |  | 2022
Earnings Per Share - Basic |  | (amounts in thousands, except per share amounts)
Numerator: |  |  |  |  |
Net income |  | $ | 35,274 |  |  |  | $ | 93,415 |
Net income attributable to Class C shareholders |  | (19,286) |  |  |  | (51,027) |
Net income attributable to other equity interest holders |  | (5,379) |  |  |  | (8,641) |
Net income attributable to noncontrolling and redeemable noncontrolling interests |  | (24,665) |  |  |  | (59,668) |
Net income attributable to Stagwell Inc. common shareholders |  | $ | 10,609 |  |  |  | $ | 33,747 |
Denominator: |  |  |  |  |
Weighted Average number of common shares outstanding |  | 125,384 |  |  |  | 124,710 |
Earnings Per Share - Basic |  | $ | 0.08 |  |  |  | $ | 0.27 |
Earnings Per Share - Diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to Stagwell Inc. common shareholders |  | $ | 10,609 |  |  |  | $ | 33,747 |
Denominator: |  |  |  |  |
Basic - Weighted Average number of common shares outstanding |  | 125,384 |  |  |  | 124,710 |
Stock appreciation right awards |  | 1,837 |  |  |  | 1,885 |
Restricted share and restricted unit awards |  | 3,277 |  |  |  | 4,955 |
Dilutive - Weighted average number of common shares outstanding |  | 130,498 |  |  |  | 131,550 |
Earnings Per Share - Diluted |  | $ | 0.08 |  |  |  | $ | 0.26 |

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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