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Accounting Changes and Error Corrections (Tables)

12 Months Ended

Dec. 31, 2023

Accounting Changes and Error Corrections [Abstract]

Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements

Consolidated Statements of Operations and
Consolidated Statements of Comprehensive Income (Loss)
			Year Ended December 31, 2022
			As reported						Adjustment						As revised
Other, net			$	(7,059)					$	2,084					$	(4,975)
Other income (expenses)			(85,727)						2,084						(83,643)
Income before income taxes and equity in earnings of non-consolidated affiliates			73,501						2,084						75,585
Income tax expense			7,580						17,882						25,462
Income before equity in earnings of non-consolidated affiliates			65,921						(15,798)						50,123
Net income			65,842						(15,798)						50,044
Net (income) attributable to noncontrolling and redeemable noncontrolling interests			(38,573)						8,448						(30,125)
Net income attributable to Stagwell Inc. common shareholders			$	27,269					$	(7,350)					$	19,919
Earnings Per Common Share:
Basic			0.22						(0.06)						0.16
Diluted			0.17						(0.05)						0.12
			Year Ended December 31, 2022
			As reported						Adjustment						As revised
Other comprehensive (loss) - foreign currency translation adjustment			$	(37,751)					$	(22)					$	(37,773)
Other comprehensive (loss)			(33,663)						(22)						(33,685)
Comprehensive income for the period			32,179						(15,820)						16,359
Comprehensive (income) attributable to the noncontrolling and redeemable noncontrolling interest			(38,573)						31,933						(6,640)
Comprehensive income (loss) attributable to Stagwell Inc. common shareholders			(6,394)						16,113						9,719

Consolidated Balance Sheet
			December 31, 2022
			As reported						Adjustment						As revised
Other current assets			71,443						2,568						74,011
Total current assets			$	1,030,955					$	2,568					$	1,033,523
Other assets			115,447						691						116,138
Total assets			$	3,993,332					$	3,259					$	3,996,591
Accruals and other liabilities			248,477						20,394						268,871
Total current liabilities			1,349,802						20,394						1,370,196
Deferred tax liabilities, net			40,109						770						40,879
Other liabilities			69,780						(2,085)						67,695
Total liabilities			$	3,009,587					$	19,079					$	3,028,666
Retained earnings			29,445						(7,350)						22,095
Accumulated other comprehensive loss			(38,941)						23,463						(15,478)
Stagwell Inc. Shareholders' Equity			482,537						16,113						498,650
Noncontrolling interests			462,097						(31,933)						430,164
Total Shareholders' Equity			944,634						(15,820)						928,814
Total Liabilities, Redeemable Noncontrolling Interests and Shareholders' Equity			$	3,993,332					$	3,259					$	3,996,591

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- References

No definition available.

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X

- Definition

Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22663-107794

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22644-107794

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI https://asc.fasb.org/extlink&oid=124431687&loc=d3e22658-107794

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