XML 29 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Income Per Share of Common Stock
 6 Months Ended
Jun. 30, 2021
Earnings Per Share [Abstract]  
Income Per Share of Common Stock

NOTE 8 — INCOME PER SHARE OF COMMON STOCK

 

The table below reconciles basic and diluted income per share of common stock. 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,

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

(In thousands)

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to MGM Resorts International

$

104,753

 

 

$

(857,257

)

 

$

(227,076

)

 

$

(50,388

)

Adjustment related to redeemable noncontrolling interests

 

(37,011

)

 

 

32,182

 

 

 

(46,439

)

 

 

40,251

 

Net income (loss) available to common stockholders – basic

 

67,742

 

 

 

(825,075

)

 

 

(273,515

)

 

 

(10,137

)

Other

 

—

 

 

 

(20

)

 

 

—

 

 

 

—

 

Net income (loss) attributable to common stockholders - diluted

$

67,742

 

 

$

(825,095

)

 

$

(273,515

)

 

$

(10,137

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding – basic

 

489,459

 

 

 

493,456

 

 

 

491,785

 

 

 

494,434

 

Potential dilution from share-based awards

 

5,843

 

 

 

—

 

 

 

—

 

 

 

—

 

Weighted-average common and common equivalent shares – diluted

 

495,302

 

 

 

493,456

 

 

 

491,785

 

 

 

494,434

 

Antidilutive share-based awards excluded from the calculation of diluted earnings per share

 

1

 

 

 

5,370

 

 

 

8,040

 

 

 

4,623