Three Months Ended

Nine Months Ended

September 30,

September 30,

(in thousands, except per share data)

2022

2021

2022

2021

Net income (loss) attributable to Viad

$

38,121

$

15,067

$

28,959

$

(70,111

)

Less: Allocation to participating securities

(9,368

)

(3,141

)

(5,991

)

—

Convertible preferred stock dividends paid in cash

(1,950

)

(1,950

)

(5,850

)

(1,950

)

Convertible preferred stock dividends paid in kind

—

—

—

(3,821

)

Adjustment to the redemption value of redeemable noncontrolling interest

—

(488

)

(763

)

(1,091

)

Net income (loss) allocated to Viad common stockholders (basic)

$

26,803

$

9,488

$

16,355

$

(76,973

)

Add: Allocation to participating securities

94

36

46

—

Net income (loss) allocated to Viad common stockholders (diluted)

$

26,897

$

9,524

$

16,401

$

(76,973

)

Basic weighted-average outstanding common shares

20,612

20,420

20,567

20,396

Additional dilutive shares related to share-based compensation

277

322

214

—

Diluted weighted-average outstanding shares

20,889

20,742

20,781

20,396

Income (loss) per share:

Basic income (loss) attributable to Viad common stockholders

$

1.30

$

0.46

$

0.80

$

(3.77

)

Diluted income (loss) attributable to Viad common stockholders(1)

$

1.29

$

0.46

$

0.79

$

(3.77

)