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Earnings Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Schedule of Calculation of Numerator and Denominator in Earnings Per Share | The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2024 (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |
| 2024 |
Earnings Per Share - Basic |  |
Numerator: |  |
Net income | $ | 13,864 |  |
Net income attributable to Class C shareholders | (9,432) |  |
Net income attributable to other equity interest holders | (1,161) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | (10,593) |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 3,271 |  |
Denominator: |  |
Weighted average number of common shares outstanding | 108,198 |  |
Earnings Per Share - Basic | $ | 0.03 |  |
Earnings Per Share - Diluted |  |
Numerator: |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 3,271 |  |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding | 108,198 |  |
Dilutive shares: |  |
Restricted share and restricted unit awards | 3,990 |  |
Employee Stock Purchase Plan shares | 2 |  |
Dilutive - Weighted average number of common shares outstanding | 112,190 |  |
Earnings Per Share - Diluted | $ | 0.03 |  |
Anti-dilutive: |  |
Class C Shares | 151,649 |  |
Class A Shares to settle deferred acquisition obligations | 3,346 |  |
The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2024 (amounts in thousands, except per share amounts):
| Nine Months Ended September 30, |
| 2024 |
Loss Per Share - Basic and Diluted |  |
Numerator: |  |
Net income | $ | 9,197 |  |
Net income attributable to Class C shareholders | (5,850) |  |
Net income attributable to other equity interest holders | (4,323) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | $ | (10,173) |  |
Net loss attributable to Stagwell Inc. common shareholders | $ | (976) |  |
Denominator: |  |
Weighted Average number of common shares outstanding | 111,436 |  |
Loss Per Share - Basic and Diluted | $ | (0.01) |  |
Anti-dilutive: |  |
Class C Shares | 151,649 |  |
Stock Appreciation Rights and Restricted Awards | 4,205 |  |
Class A Shares to settle deferred acquisition obligations | 3,515 |  |
Employee Stock Purchase Plan shares | 45 |  |
The following table sets forth the computations of basic and diluted earnings per common share for the three months ended September 30, 2023 (amounts in thousands, except per share amounts):
| Three Months Ended September 30, |
| 2023 |
Earnings Per Share - Basic |  |
Numerator: |  |
Net income | $ | 3,117 |  |
Net income attributable to Class C shareholders | (33) |  |
Net income attributable to other equity interest holders | (2,431) |  |
Net income attributable to noncontrolling and redeemable noncontrolling interests | $ | (2,464) |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |
Denominator: |  |
Weighted Average number of common shares outstanding | 110,787 |  |
Earnings Per Share - Basic | $ | 0.01 |  |
Earnings Per Share - Diluted |  |
Numerator: |  |
Net income attributable to Stagwell Inc. common shareholders | $ | 653 |  |
Net income attributable to Class C shareholders | 33 |  |
| $ | 686 |  |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding | 110,787 |  |
Dilutive shares: |  |
Stock appreciation rights | 407 |  |
Restricted share and restricted unit awards | 2,139 |  |
Employee Stock Purchase Plan shares | 24 |  |
Class A shares | 113,357 |  |
Class C shares | 151,649 |  |
Diluted - Weighted average number of common shares outstanding | 265,006 |
Earnings Per Share - Diluted | $ | — |  |
Anti-dilutive: |  |
Class A Shares to settle deferred acquisition obligations | 7,480 |  |
The following table sets forth the computations of basic and diluted loss per common share for the nine months ended September 30, 2023 (amounts in thousands, except per share amounts):
|  | Nine Months Ended September 30,
|  | 2023
Loss Per Share - Basic |  |
Numerator: |  |
Net loss |  | $ | (4,717) |
Net loss attributable to Class C shareholders |  | 2,702 |
Net loss attributable to other equity interest holders |  | 863 |
Net loss attributable to noncontrolling and redeemable noncontrolling interests |  | $ | 3,565 |
Net loss attributable to Stagwell Inc. common shareholders |  | $ | (1,152) |
Denominator: |  |
Weighted Average number of common shares outstanding |  | 118,772 |
Loss Per Share - Basic |  | $ | (0.01) |
Loss Per Share - Diluted |  |
Numerator: |  |
Net loss attributable to Stagwell Inc. common shareholders |  | $ | (1,152) |
Net loss attributable to Class C shareholders |  | (2,702) |
|  | $ | (3,854) |
Denominator: |  |
Basic - Weighted Average number of common shares outstanding |  | 118,772 |
Dilutive shares: |  |
Class C shares |  | 156,092 |
Diluted - Weighted average number of common shares outstanding |  | 274,864 |
Loss Per Share - Diluted |  | $ | (0.01) |
Anti-dilutive: |  |
Stock Appreciation Rights and Restricted Awards |  | 5,532 |
Class A Shares to settle deferred acquisition obligations |  | 6,843 |
Employee Stock Purchase Plan shares |  | 72 |

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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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