Income Per Share of Common Stock

9 Months Ended

Sep. 30, 2019

NOTE 9 — INCOME PER SHARE OF COMMON STOCK

The table below reconciles basic and diluted income per share of common stock. Diluted net income attributable to common stockholders includes adjustments for redeemable noncontrolling interests and the potentially dilutive effect on the Company’s equity interests in MGP and MGM China due to shares outstanding under their respective stock compensation plans. Diluted weighted-average common and common equivalent shares include adjustments for potential dilution of share-based awards outstanding under the Company’s stock compensation plan.

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2019			2018			2019			2018
	(In thousands)
Numerator:
Net income (loss) attributable to MGM Resorts International	$	(37,133	)	$	142,878		$	37,569		$	490,099
Adjustment related to redeemable noncontrolling interests		(3,074	)		(4,155	)		(5,906	)		(14,739	)
Net income (loss) available to common stockholders - basic		(40,207	)		138,723			31,663			475,360
Potentially dilutive effect due to MGP and MGM China stock compensation plans		(30	)		(43	)		(111	)		(179	)
Net income (loss) attributable to common stockholders - diluted	$	(40,237	)	$	138,680		$	31,552		$	475,181
Denominator:
Weighted-average common shares outstanding - basic		518,983			535,130			528,429			549,418
Potential dilution from share-based awards		—			5,266			3,444			6,103
Weighted-average common and common equivalent shares - diluted		518,983			540,396			531,873			555,521
Antidilutive share-based awards excluded from the calculation of diluted earnings per share		1,108			2,432			1,816			1,681