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Earnings Per Share
9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table reconciles basic and diluted earnings per common share for the three and nine months ended September 30, 2020 and 2019: 
 For the Three Months EndedFor the Nine Months Ended
 September 30,
2020
September 30,
2019
September 30,
2020
September 30,
2019
 (In thousands, except per share amounts)
Basic
Net income (loss)$315,994 $70,596 $(3,919)$(213,687)
Weighted-average number of common shares347,628 346,698 347,206 346,210 
Basic net income (loss) per common share$0.91 $0.20 $(0.01)$(0.62)
Diluted
Net income (loss)$315,994 $70,596 $(3,919)$(213,687)
Weighted-average number of common shares347,628 346,698 347,206 346,210 
Dilutive stock options and restricted stock units ("RSUs") (a)
1,086 1,789 — — 
Weighted-average number of common and potential common shares348,714 348,487 347,206 346,210 
Diluted net income (loss) per common share$0.91 $0.20 $(0.01)$(0.62)
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(a)Nonqualified stock options and RSUs totaling 22.3 million and 25.3 million shares were excluded from the calculation of diluted net income per common share for the three months ended September 30, 2020 and 2019, respectively, because their effect would be antidilutive. Mattel was in a net loss position for the nine months ended September 30, 2020 and 2019, and, accordingly, all outstanding nonqualified stock options and RSUs were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.