Three Months Ended

March 31,

(in thousands, except per share data)

2023

2022

Net loss attributable to Viad

$

(20,869

)

$

(29,001

)

Less: Allocation to participating securities

—

—

Convertible preferred stock dividends paid in cash

(1,950

)

(1,950

)

Adjustment to the redemption value of redeemable noncontrolling interest

—

(351

)

Net loss allocated to Viad common stockholders (basic)

$

(22,819

)

$

(31,302

)

Add: Allocation to participating securities

—

—

Net loss allocated to Viad common stockholders (diluted)

$

(22,819

)

$

(31,302

)

Basic weighted-average outstanding common shares

20,751

20,518

Additional dilutive shares related to share-based compensation

—

—

Diluted weighted-average outstanding shares

20,751

20,518

Loss per share:

Basic loss attributable to Viad common stockholders

$

(1.10

)

$

(1.53

)

Diluted loss attributable to Viad common stockholders(1)

$

(1.10

)

$

(1.53

)