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Loss Per Common Share
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Loss Per Common Share
Loss) Per Common Share
The following table sets forth the computation of basic and diluted income (loss) per common share:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2019

2018
 
2019
 
2018
Numerator:
 


 

 
 
 
 
Net income (loss) attributable to MDC Partners Inc.
$
4,290

 
$
3,406

 
$
4,177

 
$
(26,010
)
Accretion on convertible preference shares
(3,242
)

(2,068
)
 
(5,625
)
 
(4,095
)
Net income allocated to convertible preference shares
(273
)
 
(205
)
 
—

 
—

Net income (loss) attributable to MDC Partners Inc. common shareholders
$
775


$
1,133

 
$
(1,448
)
 
$
(30,105
)
 
 
 
 
 
 
 
 
Adjustment to net income allocated to convertible preference shares
—

 
1

 
—

 
—

Numerator for dilutive income (loss) per common share:
 
 
 
 
 
 
 
Net income (loss) attributable to MDC Partners Inc. common shareholders
$
775


$
1,134

 
$
(1,448
)
 
$
(30,105
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average number of common shares outstanding
71,915,832


57,439,823

 
66,118,749

 
56,924,208

Effect of dilutive securities:
 
 
 
 
 
 
 
Impact of stock options and non-vested stock under employee stock incentive plans
108,857

 
363,049

 
—

 
—

Diluted weighted average number of common shares outstanding
72,024,689


57,802,872

 
66,118,749

 
56,924,208

Basic
$
0.01


$
0.02

 
$
(0.02
)
 
$
(0.53
)
Diluted
$
0.01

 
$
0.02

 
$
(0.02
)
 
$
(0.53
)

Anti-dilutive stock awards 2,662,666 327,500 4,406,206 1,594,761

Restricted stock and restricted stock unit awards of 242,338 and 1,308,781 for the three and six months ended June 30, 2019 and 2018, respectively, which are contingent upon the Company meeting a cumulative three year earnings target and contingent upon continued employment, are excluded from the computation of diluted income per common share as the contingencies were not satisfied at June 30, 2019 and 2018, respectively. In addition, there were 145,000 and 95,000 Preference Shares outstanding which were convertible into 25,621,189 and 10,544,708 Class A common shares at June 30, 2019 and 2018, respectively. These Preference Shares were anti-dilutive for each period presented in the table above and are therefore excluded from the diluted income (loss) per common share calculation.