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Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Summary of Reconciliation of Basic and Diluted Net Earnings (Loss) Income 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)

 

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