Income Per Share of Common Stock

6 Months Ended

Jun. 30, 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						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
	(In thousands)
Numerator:
Net income (loss) attributable to MGM Resorts International	$	(857,257	)	$	43,405		$	(50,388	)	$	74,702
Adjustment related to redeemable noncontrolling interests		32,182			992			40,251			(2,832	)
Net income (loss) available to common stockholders - basic		(825,075	)		44,397			(10,137	)		71,870
Potentially dilutive effect due to MGP and MGM China stock compensation plans		(20	)		(35	)		—			(86	)
Net income (loss) attributable to common stockholders - diluted	$	(825,095	)	$	44,362		$	(10,137	)	$	71,784
Denominator:
Weighted-average common shares outstanding - basic		493,456			532,365			494,434			533,286
Potential dilution from share-based awards		—			3,052			—			3,170
Weighted-average common and common equivalent shares - diluted		493,456			535,417			494,434			536,456
Antidilutive share-based awards excluded from the calculation of diluted earnings per share		5,370			2,411			4,623			2,170