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Income (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Loss Per Common Share
Income (Loss) Per Common Share
The following table sets forth the computation of basic and diluted income (loss) per common share:
 
 
Twelve Months Ended December 31,
 
 
2019
 
2018
 
2017
Numerator:
 
 
 
 
 
 
Net income (loss) attributable to MDC Partners Inc.
 
$
(4,690
)
 
$
(123,733
)
 
$
241,848

Accretion on convertible preference shares
 
(12,304
)
 
(8,355
)
 
(6,352
)
Net income allocated to convertible preference shares
 
—

 
—

 
(29,902
)
Net income (loss) attributable to MDC Partners Inc. common shareholders
 
$
(16,994
)
 
$
(132,088
)
 
$
205,594

 
 
 
 
 
 
 
Adjustment to net income allocated to convertible preference shares
 
—

 
—

 
106

Numerator for dilutive income (loss) per common share:
 
 
 
 
 
 
Net income (loss) attributable to MDC Partners Inc. common shareholders
 
$
(16,994
)
 
$
(132,088
)
 
$
205,700

Denominator:
 
 
 
 
 
 
Basic weighted average number of common shares outstanding
 
69,132,100

 
57,218,994

 
55,255,797

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

 
—

 
225,989

Diluted weighted average number of common shares outstanding
 
69,132,100

 
57,218,994

 
55,481,786

Basic
 
$
(0.25
)
 
$
(2.31
)
 
$
3.72

Diluted
 
$
(0.25
)
 
$
(2.31
)
 
$
3.71


Anti-dilutive stock awards                  5,450,426 1,442,518      0

Restricted stock and restricted stock unit awards of 135,386, 1,012,637 and 1,443,921 as of December 31, 2019, 2018 and 2017 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 December 31, 2019, 2018 and 2017, respectively. In addition, there were 145,000, 95,000, and 95,000 Preference Shares outstanding which were convertible into 26,656,285, 10,970,714, and 10,135,244 Class A common shares at December 31, 2019, 2018, and 2017, 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.