| Earnings Per Share |
14. Earnings Per Share The Company calculates earnings per share using a dual presentation of basic and diluted earnings per share. Basic earnings per share is calculated by dividing net loss by the weighted-average shares of common stock outstanding without the consideration for potential dilutive shares of common stock. Diluted earnings per share represents basic earnings per share adjusted to include the potentially dilutive effect of outstanding performance stock units, restricted stock units, public and private placement warrants, the employee stock purchase plan and stock options. Diluted earnings per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding and the potential dilutive shares of common stock for the period determined using the treasury stock method. During periods of net loss, diluted loss per share is equal to basic loss per share because the antidilutive effect of potential common shares is disregarded. The following is a reconciliation of basic and diluted net (loss) income per common share:
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Year Ended December 31, |
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(in thousands, except share and earnings per share data) |
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2025 |
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2024 |
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2023 |
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Basic earnings per share computation: |
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Numerator: |
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Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
(227,735 |
) |
|
$ |
(378,404 |
) |
|
$ |
(81,211 |
) |
Less: net income from continuing operations attributable to noncontrolling interest |
|
|
— |
|
|
|
— |
|
|
|
2,346 |
|
Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
(227,735 |
) |
|
$ |
(378,404 |
) |
|
$ |
(83,557 |
) |
Net income from discontinued operations, net of tax |
|
|
— |
|
|
|
53,634 |
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|
|
20,829 |
|
Less: net income from discontinued operations attributable to noncontrolling interest, net of tax |
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|
— |
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|
|
2,192 |
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|
|
594 |
|
Net income from discontinued operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
— |
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|
$ |
51,442 |
|
|
$ |
20,235 |
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Denominator: |
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Weighted average common shares - basic |
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|
324,564,046 |
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321,515,982 |
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323,677,515 |
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Basic loss per common share from continuing operations attributable to stockholders of Advantage Solutions Inc. |
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$ |
(0.70 |
) |
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$ |
(1.18 |
) |
|
$ |
(0.26 |
) |
Basic earnings per common share from discontinued operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
— |
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|
$ |
0.16 |
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|
$ |
0.06 |
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Diluted earnings per share computation: |
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Numerator: |
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|
|
|
|
|
|
|
|
Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
(227,735 |
) |
|
$ |
(378,404 |
) |
|
$ |
(81,211 |
) |
Less: net income from continuing operations attributable to noncontrolling interest |
|
|
— |
|
|
|
— |
|
|
|
2,346 |
|
Net loss from continuing operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
(227,735 |
) |
|
$ |
(378,404 |
) |
|
$ |
(83,557 |
) |
Net income from discontinued operations, net of tax |
|
|
— |
|
|
|
53,634 |
|
|
|
20,829 |
|
Less: net income from discontinued operations attributable to noncontrolling interest, net of tax |
|
|
— |
|
|
|
2,192 |
|
|
|
594 |
|
Net income from discontinued operations attributable to stockholders of Advantage Solutions Inc. |
|
$ |
— |
|
|
$ |
51,442 |
|
|
$ |
20,235 |
|
Denominator: |
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Weighted average common shares - diluted |
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|
324,564,046 |
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|
|
321,515,982 |
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|
|
323,677,515 |
|
Diluted loss per common share from continuing operations |
|
$ |
(0.70 |
) |
|
$ |
(1.18 |
) |
|
$ |
(0.26 |
) |
Diluted income per common share from discontinued operations |
|
$ |
— |
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|
$ |
0.16 |
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$ |
0.06 |
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