Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 129

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 129
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296,596 Earnings Per Share - Diluted$0.12  Restricted stock awards of 3.1 million, 2.9 million and 2.3 million as of December 31, 2024, 2023, and 2022, respectively, were excluded from the computation of diluted earnings (loss) per common share because the performance contingencies necessary for vesting were not met as of the reporting date.

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7. Fixed Assets

The following table presents the Company’s fixed assets as reported on the Consolidated Balance Sheets as of December 31,:20242023CostAccumulated DepreciationNet Book ValueCostAccumulated DepreciationNet Book ValueComputer equipment, furniture and fixtures$70,627 $(47,424)$23,203 $60,131 $(36,535)$23,596 Leasehold improvements106,380 (56,877)49,503 99,127 (44,898)54,229 $177,007 $(104,301)$72,706 $159,258 $(81,433)$77,825 Depreciation expense for the years ended December 31, 2024, 2023, and 2022 was $29.2 million, $29.0 million and $26.5 million, respectively.

8. Goodwill and Intangible Assets

The following table presents the Company’s goodwill as reported on the Consolidated Balance Sheets as of December 31,:Integrated Agencies NetworkBrand Performance NetworkCommunications NetworkAll OtherTotalBalance at December 31, 2021$1,153,073 $358,613 $115,777 $25,260 $1,652,723 Acquired goodwill3,330 26,176 6,569 29,387 65,462 Impairment(49,840)(49,314)— (17,560)(116,714)Transfer of goodwill between segments (1)(111,065)111,065 — — — Foreign currency translation(11,422)(13,467)(753)— (25,642)Other (2)(15,682)685 6,124 — (8,873)Balance at December 31, 2022$968,394 $433,758 $127,717 $37,087 $1,566,956 Acquired