| Reconciliation of Basic and Diluted Loss Per Share |
The components of basic and diluted income (loss) per share are as follows:
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|
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|
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|
|
|
|
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|
|
|
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|
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|
Three Months Ended |
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Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(in thousands, except per share data) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
|
2020 |
|
Net income (loss) attributable to Viad (diluted) |
|
$ |
15,067 |
|
|
$ |
(30,758 |
) |
|
$ |
(70,111 |
) |
|
$ |
(323,621 |
) |
Less: Allocation to participating securities |
|
|
(3,141 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
Convertible preferred stock dividends paid in cash |
|
|
(1,950 |
) |
|
|
— |
|
|
|
(1,950 |
) |
|
|
— |
|
Convertible preferred stock dividends paid in kind |
|
|
— |
|
|
|
(1,134 |
) |
|
|
(3,821 |
) |
|
|
(1,134 |
) |
Adjustment to the redemption value of redeemable noncontrolling interest |
|
|
(488 |
) |
|
|
(468 |
) |
|
|
(1,091 |
) |
|
|
(926 |
) |
Net income (loss) allocated to Viad common stockholders (basic) |
|
$ |
9,488 |
|
|
$ |
(32,360 |
) |
|
$ |
(76,973 |
) |
|
$ |
(325,681 |
) |
Add: Allocation to participating securities |
|
|
36 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Net income (loss) allocated to Viad common stockholders (diluted) |
|
$ |
9,524 |
|
|
$ |
(32,360 |
) |
|
$ |
(76,973 |
) |
|
$ |
(325,681 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted-average outstanding common shares |
|
|
20,420 |
|
|
|
20,293 |
|
|
|
20,396 |
|
|
|
20,263 |
|
Additional dilutive shares related to share-based compensation |
|
|
322 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Diluted weighted-average outstanding shares |
|
|
20,742 |
|
|
|
20,293 |
|
|
|
20,396 |
|
|
|
20,263 |
|
Income (loss) per share: |
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|
|
|
|
|
|
|
|
|
|
|
Basic income (loss) attributable to Viad common stockholders |
|
$ |
0.46 |
|
|
$ |
(1.59 |
) |
|
$ |
(3.77 |
) |
|
$ |
(16.07 |
) |
Diluted income (loss) attributable to Viad common stockholders(1) |
|
$ |
0.46 |
|
|
$ |
(1.59 |
) |
|
$ |
(3.77 |
) |
|
$ |
(16.07 |
) |
|
| Schedule of Excluded Weighted-Average Potential Common Shares from Calculations of Diluted Net Income (Loss) Per Common Shares |
We excluded the following weighted-average potential common shares from the calculations of diluted net income (loss) per common share during the applicable periods because their inclusion would have been anti-dilutive:
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Three Months Ended |
|
|
Nine Months Ended |
|
|
|
September 30, |
|
|
September 30, |
|
(in thousands) |
|
2021 |
|
|
2020 |
|
|
2021 |
|
2020 |
|
Convertible preferred stock |
|
|
— |
|
|
|
6,353 |
|
|
|
6,584 |
|
|
6,353 |
|
Unvested restricted share-based awards |
|
|
3 |
|
|
|
135 |
|
|
|
173 |
|
|
105 |
|
Unvested performance share-based awards |
|
|
— |
|
|
|
— |
|
|
|
28 |
|
|
— |
|
Stock options |
|
|
138 |
|
|
|
27 |
|
|
|
219 |
|
|
14 |
|
|