Noncontrolling and Redeemable Noncontrolling Interests (Tables)

12 Months Ended

Dec. 31, 2022

Noncontrolling Interest [Abstract]

Noncontrolling Interest

Changes in the Company’s ownership interests in its less than 100% owned subsidiaries during the years ended December 31, 2022, 2021, and 2020 were as follows:

	Year Ended December 31,
	2022		2021		2020
Net income attributable to Stagwell Inc. common shareholders	$	27,269	$	21,036	$	56,356
Transfers from the noncontrolling interest:
Change in Stagwell Inc. Paid-in capital for purchase of redeemable noncontrolling interests and noncontrolling interests	(1,000)		(26,538)		—
Change in Stagwell Inc. Paid-in-Capital for conversion of Class C to Class A shares	47,911		—		—
Net transfers from noncontrolling interests	46,911		(26,538)		—
Change from net income (loss) attributable to Stagwell Inc. and transfers to noncontrolling interests	$	74,180	$	(5,502)	$	56,356

The following table presents net income attributable to noncontrolling interests between holders of Class C Common Stock and other equity interest holders for the years ended December 31, 2022, 2021, and 2020:

	Year Ended December 31,
	2022		2021		2020
Net income attributable to Class C shareholders	$	24,452	$	6,126	$	—
Net income attributable to other equity interest holders	5,986		9,170		18,231
Net income attributable to noncontrolling interests	$	30,438	$	15,296	$	18,231

The following table presents noncontrolling interests between holders of Class C Common Stock and other equity interest holders as of December 31, 2022 and December 31, 2021:

	December 31, 2022		December 31, 2021
Noncontrolling interest of Class C shareholders	$	428,406	$	475,373
Noncontrolling interest of other equity interest holders	33,691		32,914
NCI attributable to noncontrolling interests	$	462,097	$	508,287

Redeemable Noncontrolling Interest

The following table presents changes in redeemable noncontrolling interests:

	December 31, 2022		December 31, 2021
Beginning balance	$	43,364	$	604
Redemptions	(4,222)		(15,231)
Acquisitions (1)	—		53,270
Changes in redemption value	(8,711)		3,834
Net income (loss) attributable to redeemable noncontrolling interests	8,135		(412)
Other	545		1,299
Ending balance	$	39,111	$	43,364

(1) In 2021, approximately $26,000 represents redeemable noncontrolling interests acquired in connection with the acquisition of MDC. Approximately $27,000 represents redeemable noncontrolling interests acquired in connection with the purchase of the noncontrolling interest of Targeted Victory. See Note 4 of the Notes included herein for additional information related to the purchase of Targeted Victory.