Losses per share

12 Months Ended

Dec. 31, 2022

The following table presents our basic and diluted losses per share for the years ended December 31, 2022, 2021 and 2020:


	Year ended December 31,
	2022		2021		2020
Net loss for the year	$	(68,521)	$	(105,865)	$	(142,869)
Less: Net loss attributable to redeemable non-controlling interest	—		1,237		282
Net loss for the year attributable to Despegar.com, Corp.	$	(68,521)	$	(104,628)	$	(142,587)
Accretion of redeemable non-controlling interest	(473)		(1,355)		(78)
Accretion of Series A non-convertible preferred shares	(11,884)		(10,600)		(2,831)
Accrual of cumulative dividends of Series A non-convertible preferred shares	(15,375)		(15,251)		(4,212)
Accrual of dividends of Series B convertible preferred shares	(2,000)		(2,000)		(553)
Net loss for the year attributable to Despegar.com, Corp. common shareholders	$	(98,253)	$	(133,834)	$	(150,261)
Numerator of basic and diluted losses per share	$	(98,253)	$	(133,834)	$	(150,261)
Weighted average common shares outstanding—basic and diluted	76,823		76,653		67,994
Denominator of basic and diluted losses per share	$	76,823	$	76,653	$	67,994
Basic and diluted losses per share	$	(1.28)	$	(1.75)	$	(2.21)

For the year ended December 31, 2022, we excluded 670 of outstanding stock awards and 5,405 convertible preferred stock from the calculations of diluted earnings per share attributable to common shareholders because their effect would have been antidilutive.

For the year ended December 31, 2021, we excluded 1,129 of outstanding stock awards and 5,405 convertible preferred stock from the calculations of diluted earnings per share attributable to common shareholders because their effect would have been antidilutive.

For the year ended December 31, 2020, we excluded 1,680 of outstanding stock awards and 5,405 convertible preferred stock from the calculations of diluted earnings per share attributable to common shareholders because their effect would have been antidilutive.

Basic and diluted earnings per share is presented using the two-class method required for participating securities. We consider that our Series B preferred stock to be participating securities and, in accordance with the two-class method, earnings allocated to participating securities and the related number of outstanding shares of participating securities are excluded from the computation of basic and diluted net loss per common share. If a dividend is paid on common stock, the holders of Series B preferred stock are entitled to a proportionate share of any such dividend as if they were holders of common stock (on an if-converted basis). As the holders of our Series B preferred stock do not have contractual obligation to share in the losses of the Company, the net loss attributable to common shareholders for each period is not allocated between common stock and participating securities. Accordingly, preferred stock is excluded from the calculation of basic and diluted net loss per share as the effect would have been antidilutive.