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Earnings Per Share | 3 Months Ended
--- | ---
Mar. 31, 2024
Earnings Per Share [Abstract] |
Earnings Per Share | 5. Earnings (Loss) Per Share The following table set forth the computations of basic and diluted loss per common share for the three months ended March 31, 2024 (amounts in thousands, except per share amounts):
| Three Months Ended March 31,
| 2024
Loss Per Share - Basic |
Numerator: |
Net loss | $ | (713) |
Net loss attributable to Class C shareholders | 1,047 |
Net income attributable to other equity interest holders | (1,616) |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (569) |
Net loss attributable to Stagwell Inc. common shareholders | $ | (1,282) |
Denominator: |
Weighted average number of common shares outstanding | 112,633 |
Loss Per Share - Basic | $ | (0.01) |
Loss Per Share - Diluted |
Numerator: |
Net loss attributable to Stagwell Inc. common shareholders | $ | (1,282) |
Adjustment to net loss: |
Fair value adjustment for deferred acquisition obligations (net of income tax expense) | (224) |
| $ | (1,506) |
Denominator: |
Basic - Weighted Average number of common shares outstanding | 112,633 |
Dilutive shares: |
Class A Shares to settle deferred acquisition obligations | 3,772 |
Dilutive - Weighted average number of common shares outstanding | 116,405 |
Loss Per Share - Diluted | $ | (0.01) |
Anti-dilutive: |
Class C Shares | 151,649 |
Stock Appreciation Rights and Restricted Awards | 4,531 |
Employee Stock Purchase Plan shares | 49 |
The following table sets forth the computations of basic and diluted earnings per common share for the three months ended March 31, 2023:
|  |  |  | Three Months Ended March 31,
|  |  |  |  | 2023
Earnings Per Share - Basic |  |  |  |  | (amounts in thousands, except per share amounts)
Numerator: |  |  |  |  |
Net loss |  |  |  |  | $ | (2,869) |
Net loss attributable to Class C shareholders |  |  |  |  | 1,963 |
Net loss attributable to other equity interest holders |  |  |  |  | 2,295 |
Net loss attributable to noncontrolling and redeemable noncontrolling interests |  |  |  |  | $ | 4,258 |
Net income attributable to Stagwell Inc. common shareholders |  |  |  |  | $ | 1,389 |
Denominator: |  |  |  |  |
Weighted Average number of common shares outstanding |  |  |  |  | 125,199 |
Earnings Per Share - Basic |  |  |  |  | $ | 0.01 |
Earnings Per Share - Diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to Stagwell Inc. common shareholders |  |  |  |  | $ | 1,389 |
Net loss attributable to Class C shareholders |  |  |  |  | (1,963) |
|  |  |  |  | $ | (574) |
Denominator: |  |  |  |  |
Basic - Weighted Average number of common shares outstanding |  |  |  |  | 125,199 |
Dilutive shares: |  |  |  |  |
Stock appreciation right awards |  |  |  |  | 1,929 |
Restricted share and restricted unit awards |  |  |  |  | 1,769 |
Class C Shares |  |  |  |  | 160,909 |
Dilutive - Weighted average number of common shares outstanding |  |  |  |  | 289,806 |
Earnings Per Share - Diluted |  |  |  |  | $ | — |
Restricted stock awards of 4.6 million and 0.7 million as of March 31, 2024 and 2023, 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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