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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2022
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic and Diluted Net Earnings Per Common Share

The following is a reconciliation of basic and diluted net (loss) income per common share:

 

 

 

Year Ended December 31,

 

 

(in thousands, except share and earnings per share data)

 

2022

 

 

2021

 

 

2020

 

 

Basic earnings per share computation:

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to stockholders of
     Advantage Solutions Inc.

 

$

(1,380,502

)

 

$

54,494

 

 

$

(175,806

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

318,682,548

 

 

 

318,198,860

 

 

 

223,227,833

 

 

Basic (loss) earnings per common share

 

$

(4.33

)

 

$

0.17

 

 

$

(0.79

)

 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

 

Net (loss) income attributable to stockholders of
     Advantage Solutions Inc.

 

$

(1,380,502

)

 

$

54,494

 

 

$

(175,806

)

 

Denominator:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding

 

 

318,682,548

 

 

 

318,198,860

 

 

 

223,227,833

 

 

Performance Stock Units

 

 

 

 

 

1,998,848

 

 

 

 

 

Restricted Stock Units

 

 

 

 

 

559,649

 

 

 

 

 

Warrants

 

 

 

 

 

4,468

 

 

 

 

 

Employee stock purchase plan and stock options

 

 

 

 

 

242,931

 

 

 

 

 

Weighted average common shares - diluted

 

 

318,682,548

 

 

 

321,004,756

 

 

 

223,227,833

 

 

Diluted (loss) earnings per common share

 

$

(4.33

)

 

$

0.17

 

 

$

(0.79

)