Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings Per Share

The following tables set forth the computations of basic and diluted loss per common share for the three and nine months ended September 30, 2023 (amounts in thousands, except per share amounts):

	Three Months Ended September 30,
	2023
Earnings Per Share - Basic
Numerator:
Net income	$	3,117
Net income attributable to Class C shareholders	(33)
Net income attributable to other equity interest holders	(2,431)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(2,464)
Net income attributable to Stagwell Inc. common shareholders	$	653
Denominator:
Weighted average number of common shares outstanding	110,787
Earnings Per Share - Basic	$	0.01
Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	653
Net income attributable to Class C shareholders	33
	$	686
Denominator:
Basic - Weighted Average number of common shares outstanding	110,787
Dilutive shares:
Stock appreciation rights	407
Restricted share and restricted unit awards	2,139
Employee Stock Purchase Plan shares	24
Class A shares	113,357
Class C shares	151,649
Diluted - Weighted average number of common shares outstanding	265,006
Earnings Per Share - Diluted	$	0.00
Anti-dilutive:
Class A Shares to settle deferred acquisition obligations	7,480

	Nine Months Ended September 30,
	2023
Earnings Per Share - Basic
Numerator:
Net loss	$	(12,145)
Net loss attributable to Class C shareholders	7,684
Net loss attributable to other equity interest holders	864
Net loss attributable to noncontrolling and redeemable noncontrolling interests	8,548
Net loss attributable to Stagwell Inc. common shareholders	$	(3,597)
Denominator:
Weighted average number of common shares outstanding	118,772
Earnings Per Share - Basic & Diluted	$	(0.03)
Anti-dilutive:
Class C Shares	151,649
Stock Appreciation Rights and Restricted Awards	5,532
Class A Shares to settle deferred acquisition obligations	6,843
Employee Stock Purchase Plan shares	72

The following table sets forth the computations of basic and diluted earnings per common share for the three and nine months ended September 30, 2022:

	Three Months Ended September 30,		Nine Months Ended September 30,
	2022		2022
Earnings Per Share - Basic	(amounts in thousands, except per share amounts)
Numerator:
Net income	$	35,274	$	93,415
Net income attributable to Class C shareholders	(19,286)		(51,027)
Net income attributable to other equity interest holders	(5,379)		(8,641)
Net income attributable to noncontrolling and redeemable noncontrolling interests	(24,665)		(59,668)
Net income attributable to Stagwell Inc. common shareholders	$	10,609	$	33,747
Denominator:
Weighted Average number of common shares outstanding	125,384		124,710
Earnings Per Share - Basic	$	0.08	$	0.27
Earnings Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	10,609	$	33,747
Denominator:
Basic - Weighted Average number of common shares outstanding	125,384		124,710
Stock appreciation right awards	1,837		1,885
Restricted share and restricted unit awards	3,277		4,955
Dilutive - Weighted average number of common shares outstanding	130,498		131,550
Earnings Per Share - Diluted	$	0.08	$	0.26