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Earnings Per Share | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Earnings Per Share | 6. Earnings (Loss) 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 |
Restricted stock awards of 2.9 million and 2.3 million as of December 31, 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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