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Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 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 income per common share for the year ended December 31, 2023 (amounts in thousands, except per share amounts):
| Year Ended December 31,
| 2023
Earnings Per Share - Basic |
Numerator: |
Net income | $ | 41,642 |
Net income attributable to Class C shareholders | (39,066) |
Net income attributable to other equity interest holders | (2,442) |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (41,508) |
Net income attributable to Stagwell Inc. common shareholders | $ | 134 |
Denominator: |
Weighted average number of common shares outstanding | 117,259 |
Earnings Per Share - Basic | $ | 0.00 |
Earnings Per Share - Diluted |
Numerator: |
Net income attributable to Stagwell Inc. common shareholders | $ | 134 |
Denominator: |
Basic - Weighted Average number of common shares outstanding | 117,259 |
Dilutive shares: |
Stock appreciation right awards | 421 |
Restricted share and restricted unit awards | 4,485 |
Employee Stock Purchase Plan shares | 5 |
Dilutive - Weighted average number of common shares outstanding | 122,170 |
Earnings Per Share - Diluted | $ | 0.00 |
Anti-dilutive: |
Class C Shares | 154,972 |
Class A Shares to settle deferred acquisition obligations | 5,127 |
The following table sets forth the computations of basic and diluted earnings per common share for the year ended December 31, 2022:
|  |  |  | Year Ended December 31,
|  |  |  |  | 2022
Earnings Per Share - Basic |  |  |  |  | (amounts in thousands, except per share amounts)
Numerator: |  |  |  |  |
Net income |  |  |  |  | $ | 50,044 |
Net income attributable to Class C shareholders |  |  |  |  | (16,004) |
Net income attributable to other equity interest holders |  |  |  |  | (14,121) |
Net income attributable to noncontrolling and redeemable noncontrolling interests |  |  |  |  | (30,125) |
Net income attributable to Stagwell Inc. common shareholders |  |  |  |  | $ | 19,919 |
Denominator: |  |  |  |  |
Weighted Average number of common shares outstanding |  |  |  |  | 124,262 |
Earnings Per Share - Basic |  |  |  |  | $ | 0.16 |
Earnings Per Share - Diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to Stagwell Inc. common shareholders |  |  |  |  | $ | 19,919 |
Net income attributable to Class C shareholders |  |  |  |  | 16,004 |
|  |  |  |  | $ | 35,923 |
Denominator: |  |  |  |  |
Basic - Weighted Average number of common shares outstanding |  |  |  |  | 124,262 |
Dilutive shares: |  |  |  |  |
Stock appreciation right awards |  |  |  |  | 1,896 |
Restricted share and restricted unit awards |  |  |  |  | 4,467 |
Class C Shares |  |  |  |  | 165,971 |
Dilutive - Weighted average number of common shares outstanding |  |  |  |  | 296,596 |
Earnings Per Share - Diluted |  |  |  |  | $ | 0.12 |

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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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