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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share
The following table reconciles earnings per common share for the three and nine months ended September 30, 2019 and 2018: 
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30,
2019
 
September 30,
2018
 
September 30,
2019
 
September 30,
2018
 
(In thousands, except per share amounts)
Basic
 
 
 
 
 
 
 
Net income (loss)
$
70,596

 
$
6,278

 
$
(213,687
)
 
$
(542,938
)
Less: Net income (loss) allocable to participating RSUs (a)
—

 
—

 
—

 
—

Net income (loss) available for basic common shares
$
70,596

 
$
6,278

 
$
(213,687
)
 
$
(542,938
)
Weighted average number of common shares
346,698

 
345,285

 
346,210

 
344,774

Basic net income (loss) per common share
$
0.20

 
$
0.02

 
$
(0.62
)
 
$
(1.57
)
Diluted
 
 
 
 
 
 
 
Net income (loss)
$
70,596

 
$
6,278

 
$
(213,687
)
 
$
(542,938
)
Less: Net income (loss) allocable to participating RSUs (a)
—

 
—

 
—

 
—

Net income (loss) available for diluted common shares
$
70,596

 
$
6,278

 
$
(213,687
)
 
$
(542,938
)
Weighted average number of common shares
346,698

 
345,285

 
346,210

 
344,774

Weighted average number of common equivalent shares from:

 

 

 

Dilutive stock options and non-participating RSUs (b)
1,789

 
387

 
—

 
—

Weighted average number of common and potential common shares
348,487

 
345,672

 
346,210

 
344,774

Diluted net income (loss) per common share
$
0.20

 
$
0.02

 
$
(0.62
)
 
$
(1.57
)
 _______________________________________
(a)
Mattel did not have participating RSUs for the three and nine months ended September 30, 2019 and for the three months ended September 30, 2018. For the nine months ended September 30, 2018, Mattel did not allocate its net loss to its participating RSUs as its participating RSUs were not obligated to share in the losses of the Company.
(b)
Nonqualified stock options and nonparticipating RSUs totaling 25.3 million and 22.6 million shares were excluded from the calculation of diluted net income per common share for the three months ended September 30, 2019 and 2018, respectively, because their effect would be antidilutive. Mattel was in a net loss position for the nine months ended September 30, 2019 and 2018, and, accordingly, all outstanding nonqualified stock options and non-participating RSUs were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.