Earnings Per Share

3 Months Ended

Mar. 31, 2023

4. Income (Loss) Per Share

The following table sets forth the computations of basic and diluted income (loss) per common share for the three months ended March 31, 2023 and 2022:


	Three Months Ended March 31,
	2023		2022
Income Per Share - Basic	(amounts in thousands, except per share amounts)
Numerator:
Net income (loss)	$	(5,017)	$	33,622

Net (income) loss attributable to Class C shareholders	3,165		(17,721)
Net (income) loss attributable to other equity interest holders	2,295		(3,226)
Net (income) loss attributable to noncontrolling and redeemable noncontrolling interests	5,460		(20,947)

Net income attributable to Stagwell Inc. common shareholders	$	443	$	12,675

Denominator:
Weighted Average number of common shares outstanding	125,199		122,285

Income Per Share - Basic	$	0.00	$	0.10

Income (Loss) Per Share - Diluted
Numerator:
Net income attributable to Stagwell Inc. common shareholders	$	443	$	12,675
Net income (loss) attributable to Class C shareholders	(3,165)		17,721
	$	(2,722)	$	30,396

Denominator:
Basic - Weighted Average number of common shares outstanding	125,199		122,285

Stock appreciation right awards	1,929		2,041
Restricted share and restricted unit awards	1,769		2,786
Class A Shares	128,897		127,112
Class C shares	160,909		170,372
Dilutive - Weighted average number of common shares outstanding	289,806		297,484

Income (Loss) Per Share - Diluted	$	(0.01)	$	0.10

Restricted stock awards of 0.7 million and 1.0 million as of March 31, 2023 and 2022, respectively, were excluded from the computation of diluted loss per common share because the performance contingencies necessary for vesting were not met as of the reporting date.