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Income Per Share | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Income Per Share | Note 14. Income Per Share The components of basic and diluted income per share are as follows:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands, except per share data) |  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Net income attributable to Viad |  | $ | 48,615 |  |  | $ | 41,271 |  |  | $ | 52,809 |  |  | $ | 31,363 |
Less: Allocation to participating securities |  |  | (11,187 | ) |  |  | (9,522 | ) |  |  | (11,282 | ) |  |  | (6,194 | )
Convertible preferred stock dividends |  |  | (1,950 | ) |  |  | (1,950 | ) |  |  | (5,850 | ) |  |  | (5,850 | )
Net income allocated to Viad common stockholders (basic) |  | $ | 35,478 |  |  | $ | 29,799 |  |  | $ | 35,677 |  |  | $ | 19,319 |
Add: Allocation to participating securities |  |  | 177 |  |  |  | 98 |  |  |  | 165 |  |  |  | 44 |
Net income allocated to Viad common stockholders (diluted) |  | $ | 35,655 |  |  | $ | 29,897 |  |  | $ | 35,842 |  |  | $ | 19,363 |
Basic weighted-average outstanding common shares |  |  | 21,166 |  |  |  | 20,885 |  |  |  | 21,107 |  |  |  | 20,825 |
Additional dilutive shares related to share-based compensation |  |  | 449 |  |  |  | 289 |  |  |  | 410 |  |  |  | 200 |
Diluted weighted-average outstanding shares |  |  | 21,615 |  |  |  | 21,174 |  |  |  | 21,517 |  |  |  | 21,025 |
Income per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic income attributable to Viad common stockholders |  | $ | 1.68 |  |  | $ | 1.43 |  |  | $ | 1.69 |  |  | $ | 0.93 |
Diluted income attributable to Viad common stockholders |  | $ | 1.65 |  |  | $ | 1.41 |  |  | $ | 1.67 |  |  | $ | 0.92 |
Diluted income per common share is calculated using the more dilutive of the two-class method or if-converted method. The two-class method uses net income available to common stockholders and assumes conversion of all potential shares other than the participating securities. The if-converted method uses net income available to common stockholders and assumes conversion of all potential shares including the participating securities. Dilutive potential common shares include outstanding stock options, unvested restricted share units and convertible preferred stock. We apply the two-class method in calculating income per common share as unvested share-based payment awards that contain nonforfeitable rights to dividends and convertible preferred stock are considered participating securities. Accordingly, such securities are included in the earnings allocation in calculating income per share. The adjustment to the carrying value of the redeemable noncontrolling interest is reflected in income per common share. We excluded the following weighted-average potential common shares from the calculations of diluted net income per common share during the applicable periods because their inclusion would have been anti-dilutive:
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
(in thousands) |  | 2024 |  |  | 2023 |  |  | 2024 |  | 2023 |
Unvested restricted share-based awards |  |  | 2 |  |  |  | 4 |  |  |  | 18 |  |  | 42 |
Unvested performance share-based awards |  |  | 152 |  |  |  | 159 |  |  |  | 119 |  |  | 125 |
Stock options |  |  | 138 |  |  |  | 372 |  |  |  | 138 |  |  | 372 |

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