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Earnings Per Share
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share

14. Earnings Per Share

The Company calculates earnings per share using a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net loss by the weighted-average shares of common stock outstanding without the consideration for potential dilutive shares of common stock. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding performance stock units, restricted stock units, public and private placement warrants, the employee stock purchase plan and stock options. Diluted earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding and the potential dilutive shares of common stock for the period determined using the treasury stock method. During periods of net loss, diluted loss per share is equal to basic loss per share because the antidilutive effect of potential common shares is disregarded.

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)

 

2024

 

 

2023

 

 

2022

 

Basic earnings per share computation:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(378,404

)

 

$

(81,211

)

 

$

(1,418,652

)

Less: net income from continuing operations attributable to noncontrolling interest

 

 

—

 

 

 

2,346

 

 

 

3,757

 

Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc.

 

$

(378,404

)

 

$

(83,557

)

 

$

(1,422,409

)

Net income from discontinued operations, net of tax

 

$

53,634

 

 

$

20,829

 

 

$

41,350

 

Less: net income (loss) from discontinued operations attributable to noncontrolling interest

 

 

2,192

 

 

 

594

 

 

 

(546

)

Net income from discontinued operations attributable to stockholders of Advantage Solutions Inc.

 

$

51,442

 

 

$

20,235

 

 

$

41,896

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares - basic

 

 

321,515,982

 

 

 

323,677,515

 

 

 

318,682,548

 

Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc.

 

$

(1.18

)

 

$

(0.26

)

 

$

(4.46

)

Basic earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc.

 

$

0.16

 

 

$

0.06

 

 

$

0.13

 

Diluted earnings per share computation:

 

 

 

 

 

 

 

 

 

Numerator:

 

 

 

 

 

 

 

 

 

Net loss from continuing operations

 

$

(378,404

)

 

$

(81,211

)

 

$

(1,418,652

)

Less: net income from continuing operations attributable to noncontrolling interest

 

 

—

 

 

 

2,346

 

 

 

3,757

 

Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc.

 

$

(378,404

)

 

$

(83,557

)

 

$

(1,422,409

)

 

 

 

 

 

 

 

 

 

Net income from discontinued operations, net of tax

 

$

53,634

 

 

$

20,829

 

 

$

41,350

 

Less: net income (loss) from discontinued operations attributable to noncontrolling interest

 

 

2,192

 

 

 

594

 

 

 

(546

)

Net income from discontinued operations attributable to stockholders of Advantage Solutions Inc.

 

$

51,442

 

 

$

20,235

 

 

$

41,896

 

Denominator:

 

 

 

 

 

 

 

 

 

Weighted average common shares - diluted

 

 

321,515,982

 

 

 

323,677,515

 

 

 

318,682,548

 

Diluted loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc.

 

$

(1.18

)

 

$

(0.26

)

 

$

(4.46

)

Diluted earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc.

 

$

0.16

 

 

$

0.06

 

 

$

0.13

 
In accordance with the treasury stock method the weighted average shares outstanding assuming dilution include the incremental effect of stock-based awards, except when such effect would be antidilutive. Stock-based awards of 15.6 million, 6.9 million and 0.8 million weighted-average shares were outstanding for the years ended December 31, 2024, 2023 and 2022, respectively, but were not included in the computation of diluted (loss) earnings per common share because the net loss position of the Company made them antidilutive.