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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
Schedule of Calculation of Numerator and Denominator in Earnings 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 |  |  |  |  | $ | — |

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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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