Income (Loss) Per Common Share

9 Months Ended

Sep. 30, 2020

Income (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,
	2020		2019		2020		2019
Numerator:
Net income (loss) attributable to MDC Partners Inc.	$	4,076	$	(1,752)	$	4,486	$	2,425
Accretion on convertible preference shares	(3,579)		(3,306)		(10,528)		(8,931)
Net income allocated to convertible preference shares	(137)		—		—		—
Net income (loss) attributable to MDC Partners Inc. common shareholders	$	360	$	(5,058)	$	(6,042)	$	(6,506)




Denominator:
Basic weighted average number of common shares outstanding	73,207,619		72,044,480		72,713,257		68,154,306

Dilutive effect of equity awards	269,160		—		—		—
Diluted weighted average number of common shares outstanding	73,476,779		72,044,480		72,713,257		68,154,306
Basic	$	—	$	(0.07)	$	(0.08)	$	(0.10)
Diluted	$	—	$	(0.07)	$	(0.08)	$	(0.10)

Anti-dilutive stock awards 2,325,800 3,714,595 3,539,060 3,714,595

Restricted stock and restricted stock unit awards of 3,220,342 and 135,386 as of September 30, 2020 and 2019 respectively, are excluded from the computation of diluted income (loss) per common share because the performance contingency necessary for vesting has not been met as of the reporting date. In addition, there were 145,000 Preference Shares outstanding which were convertible into 28,287,863 and 26,133,613 Class A common shares at September 30, 2020 and 2019, 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.