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Loss Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Reconciliation of Basic and Diluted Loss Per Share

The components of basic and diluted loss per share are as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands, except per share data)

 

2022

 

 

2021

 

Net loss attributable to Viad

 

$

(29,001

)

 

$

(43,152

)

Convertible preferred stock dividends paid in cash

 

 

(1,950

)

 

 

 

Convertible preferred stock dividends paid in kind

 

 

 

 

 

(1,898

)

Adjustment to the redemption value of redeemable noncontrolling interest

 

 

(351

)

 

 

(56

)

Net loss allocated to Viad common stockholders (basic)

 

$

(31,302

)

 

$

(45,106

)

Add: Allocation to participating securities

 

 

 

 

 

 

Net loss allocated to Viad common stockholders (diluted)

 

$

(31,302

)

 

$

(45,106

)

 

 

 

 

 

 

 

Basic weighted-average outstanding common shares

 

 

20,518

 

 

 

20,370

 

Additional dilutive shares related to share-based compensation

 

 

 

 

 

 

Diluted weighted-average outstanding shares

 

 

20,518

 

 

 

20,370

 

Loss per share:

 

 

 

 

 

 

Basic loss attributable to Viad common stockholders

 

$

(1.53

)

 

$

(2.21

)

Diluted loss attributable to Viad common stockholders(1)

 

$

(1.53

)

 

$

(2.21

)

Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares

We excluded the following weighted-average potential common shares from the calculations of diluted net income (loss) per common share during the applicable periods because their inclusion would have been anti-dilutive:

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2022

 

2021

 

Convertible preferred stock

 

 

6,674

 

 

6,494

 

Unvested restricted share-based awards

 

 

207

 

 

38

 

Unvested performance share-based awards

 

 

37

 

 

 

Stock options

 

 

166

 

 

57