|
Note 14. Income (Loss) Per Share
The components of basic and diluted income per share are as follows:
|
|
|
|
|
|
|
|
Year Ended December 31, |
|
|
(in thousands, except per share data) |
|
2020 |
|
|
2019 |
|
|
2018 |
|
|
Net income (loss) attributable to Viad (diluted) |
|
$ |
(374,094 |
) |
|
$ |
22,035 |
|
|
$ |
49,170 |
|
|
Less: Allocation to non-vested shares |
|
|
— |
|
|
|
(147 |
) |
|
|
(458 |
) |
|
Convertible preferred stock dividends |
|
|
(3,006 |
) |
|
|
— |
|
|
|
— |
|
|
Adjustment to the redemption value of redeemable noncontrolling interest |
|
|
(926 |
) |
|
|
(1,318 |
) |
|
|
(251 |
) |
|
Net income (loss) allocated to Viad common stockholders (basic) |
|
$ |
(378,026 |
) |
|
$ |
20,570 |
|
|
$ |
48,461 |
|
|
Basic weighted-average outstanding common shares |
|
|
20,279 |
|
|
|
20,146 |
|
|
|
20,168 |
|
|
Additional dilutive shares related to share-based compensation |
|
|
— |
|
|
|
138 |
|
|
|
236 |
|
|
Diluted weighted-average outstanding shares |
|
|
20,279 |
|
|
|
20,284 |
|
|
|
20,404 |
|
|
Income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic income (loss) attributable to Viad common stockholders |
|
$ |
(18.64 |
) |
|
$ |
1.02 |
|
|
$ |
2.40 |
|
|
Diluted income (loss) attributable to Viad common stockholders(1) |
|
$ |
(18.64 |
) |
|
$ |
1.02 |
|
|
$ |
2.40 |
|
|
(1) |
Diluted loss per share amount cannot exceed basic loss per share. |
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:
|
|
|
Year Ended December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
2018 |
|
|
Convertible preferred stock (as converted to common stock) |
|
|
6,406,324 |
|
|
|
— |
|
|
|
— |
|
|
Unvested restricted share-based awards |
|
|
115,089 |
|
|
|
8,000 |
|
|
|
500 |
|
|
Stock options |
|
|
24,205 |
|
|
|
— |
|
|
|
— |
|
|