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Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 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 June 30, 2025. The shares of convertible preferred stock that were outstanding prior to their mandatory redemption were anti-dilutive for the portions of the three and six months ended June 30, 2024 in which they were outstanding, and are therefore excluded from the diluted loss per common share calculation.

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

 

 

Three Months Ended
June 30,

 

 

Six Months Ended
June 30,

 

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

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Net (loss) income attributable to Emerald Holding, Inc.

 

$

(1.4

)

 

$

(2.8

)

 

$

13.9

 

 

$

8.2

 

Accretion to redemption value of redeemable
   convertible preferred stock

 

 

—

 

 

 

(2.0

)

 

 

—

 

 

 

(12.7

)

Net (loss) income attributable to Emerald Holding, Inc.
   common stockholders

 

$

(1.4

)

 

$

(4.8

)

 

$

13.9

 

 

$

(4.5

)

Weighted average common shares outstanding

 

 

198,650

 

 

 

155,915

 

 

 

199,614

 

 

 

109,477

 

Basic (loss) income per share

 

$

(0.01

)

 

$

(0.03

)

 

$

0.07

 

 

$

(0.04

)

Net (loss) income attributable to Emerald Holding, Inc.
   common stockholders

 

$

(1.4

)

 

$

(4.8

)

 

$

13.9

 

 

$

(4.5

)

Dilutive effect of stock options

 

 

—

 

 

 

—

 

 

 

475

 

 

 

—

 

Diluted weighted average common shares
   outstanding

 

 

198,650

 

 

 

155,915

 

 

 

200,089

 

 

 

109,477

 

Diluted (loss) income per share

 

$

(0.01

)

 

$

(0.03

)

 

$

0.07

 

 

$

(0.04

)

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

 

 

9,713

 

 

 

7,786

 

 

 

16,082

 

 

 

7,857