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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2015
Earnings per Share

The following table reconciles earnings (loss) per common share for the three and six months ended June 30, 2015 and 2014:

 

     For the Three Months Ended      For the Six Months Ended  
     June 30,
2015
     June 30,
2014
     June 30,
2015
     June 30,
2014
 
     (In thousands, except per share amounts)  

Basic:

           

Net (loss) income

   $ (11,351    $ 28,325       $ (69,528    $ 17,107   

Less: net income allocable to participating RSUs (a)

     —          (265      —          (199
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income available for basic common shares

   $ (11,351    $ 28,060       $ (69,528    $ 16,908   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     338,843         338,709         338,713         339,463   
  

 

 

    

 

 

    

 

 

    

 

 

 

Basic net (loss) income per common share

   $ (0.03    $ 0.08       $ (0.21    $ 0.05   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted:

           

Net (loss) income

   $ (11,351    $ 28,325       $ (69,528    $ 17,107   

Less: net income allocable to participating RSUs (a)

     —          (270      —          (212
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (loss) income available for diluted common shares

   $ (11,351    $ 28,055       $ (69,528    $ 16,895   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding

     338,843         338,709         338,713         339,463   

Weighted average common equivalent shares arising from:

           

Dilutive stock options and non-participating RSUs

     —          1,935         —          2,131   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average number of common and potential common shares

     338,843         340,644         338,713         341,594   
  

 

 

    

 

 

    

 

 

    

 

 

 

Diluted net (loss) income per common share

   $ (0.03    $ 0.08       $ (0.21    $ 0.05   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) During the three and six months ended June 30, 2015, Mattel did not allocate its net loss to its participating RSUs as its participating RSUs are not obligated to share in the losses of the Company.