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Earnings Per Share
 3 Months Ended
Mar. 31, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
11.
Earnings Per Share

Basic earnings per share is computed using the weighted-average number of common shares outstanding during the period. Diluted earnings per share is computed using the weighted-average number of common shares outstanding during the period, plus the dilutive effect of outstanding options, using the treasury stock method and the average market price of the Company’s common stock during the applicable period. Certain shares related to some of the Company’s outstanding employee share awards were excluded from the computation of diluted earnings per share because they were antidilutive in the periods presented but could be dilutive in the future. Performance-based market condition share awards are considered contingently issuable shares, which would be included in the denominator for earnings per share if the applicable market conditions have been achieved, and the inclusion of any performance-based market condition share awards is dilutive for the respective reporting periods. For both the three months ended March 31, 2025 and 2024, unvested performance-based market condition share awards were excluded from the calculation of diluted earnings per share because the market conditions had not been met. There were no 7% Series A Redeemable Convertible Participating Preferred Stock shares outstanding at March 31, 2025.

The details of the computation of basic and diluted earnings per common share are as follows:

 

 

Three Months Ended
March 31,

 

(dollars in millions, share data in thousands except earnings per share)

 

2025

 

 

2024

 

Net income and comprehensive
   income attributable to Emerald Holding, Inc.

 

$

15.3

 

 

$

11.0

 

Accretion to redemption value of redeemable
   convertible preferred stock

 

 

—

 

 

 

(10.7

)

Participation rights on if-converted basis

 

 

—

 

 

 

(0.2

)

Net income and comprehensive income
   attributable to Emerald Holding, Inc.
   common stockholders

 

$

15.3

 

 

$

0.1

 

Weighted average common shares outstanding

 

 

200,596

 

 

 

63,039

 

Basic income per share

 

$

0.08

 

 

$

0.00

 

Net income and comprehensive income
   attributable to Emerald Holding, Inc.
   common stockholders

 

$

15.3

 

 

$

0.1

 

Dilutive effect of stock options

 

 

245

 

 

 

2,166

 

Diluted weighted average common shares
   outstanding

 

 

200,841

 

 

 

65,205

 

Diluted income per share

 

$

0.08

 

 

$

0.00

 

Anti-dilutive employee share awards excluded
   from diluted earnings per share calculation

 

 

17,985

 

 

 

8,667