Year Ended December 31,

(in thousands, except per share data)

2022

2021

2020

Net income (loss) attributable to Viad

$

23,220

$

(92,655

)

$

(374,094

)

Less: Allocation to participating securities

(3,600

)

—

—

Convertible preferred stock dividends paid in cash

(7,801

)

(3,900

)

—

Convertible preferred stock dividends paid in kind

—

(3,821

)

(3,006

)

Adjustment to the redemption value of redeemable noncontrolling interest

(763

)

(1,797

)

(926

)

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

$

11,056

$

(102,173

)

$

(378,026

)

Add: Allocation to participating securities

30

—

—

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

$

11,086

$

(102,173

)

$

(378,026

)

Basic weighted-average outstanding common shares

20,589

20,411

20,279

Additional dilutive shares related to share-based compensation

223

—

—

Diluted weighted-average outstanding shares

20,812

20,411

20,279

Income (loss) per share:

Basic income (loss) attributable to Viad common stockholders

$

0.54

$

(5.01

)

$

(18.64

)

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

$

0.53

$

(5.01

)

$

(18.64

)