Income Per Share of Common Stock

3 Months Ended

Mar. 31, 2020

NOTE 8 — 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
	March 31,
	2020		2019
	(In thousands)
Numerator:
Net income attributable to MGM Resorts International	$	806,869	$	31,297
Adjustment related to redeemable noncontrolling interests		8,070		(3,825	)
Net income available to common stockholders - basic		814,939		27,472
Potentially dilutive effect due to MGP and MGM China stock compensation plans		—		(52	)
Net income attributable to common stockholders - diluted	$	814,939	$	27,420
Denominator:
Weighted-average common shares outstanding - basic		495,415		534,219
Potential dilution from share-based awards		1,569		3,287
Weighted-average common and common equivalent shares - diluted		496,984		537,506
Antidilutive share-based awards excluded from the calculation of diluted earnings per share		3,876		1,929