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Loss Per Common Share
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2019
 
2018
 
2019
 
2018
Numerator:
 


 

 
 
 
 
Net income (loss) attributable to MDC Partners Inc.
$
(1,752
)
 
$
(16,125
)
 
$
2,425

 
$
(42,135
)
Accretion on convertible preference shares
(3,306
)

(2,109
)
 
(8,931
)
 
(6,204
)
Net income allocated to convertible preference shares
—

 
—

 
—

 
—

Net loss attributable to MDC Partners Inc. common shareholders
$
(5,058
)

$
(18,234
)
 
$
(6,506
)
 
$
(48,339
)
 
 
 
 
 
 
 
 
Adjustment to net income allocated to convertible preference shares
—

 
—

 
—

 
—

Numerator for dilutive loss per common share:
 
 
 
 
 
 
 
Net loss attributable to MDC Partners Inc. common shareholders
$
(5,058
)

$
(18,234
)
 
$
(6,506
)
 
$
(48,339
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average number of common shares outstanding
72,044,480


57,498,661

 
68,154,306

 
57,117,797

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

 
—

 
—

 
—

Diluted weighted average number of common shares outstanding
72,044,480


57,498,661

 
68,154,306

 
57,117,797

Basic
$
(0.07
)

$
(0.32
)
 
$
(0.10
)
 
$
(0.85
)
Diluted
$
(0.07
)
 
$
(0.32
)
 
$
(0.10
)
 
$
(0.85
)

Anti-dilutive stock awards 3,714,595 1,524,218 3,714,595 1,524,218

Restricted stock and restricted stock unit awards of 135,386 and 1,015,637 as of September 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 September 30, 2019 and 2018, respectively. In addition, there were 145,000 and 95,000 Preference Shares outstanding which were convertible into 26,133,613 and 10,755,602 Class A common shares at September 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.