Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

The following table reconciles earnings per common share:


	For the Year Ended
	December 31, 2020		December 31, 2019		December 31, 2018
	(In thousands, except per share amounts)
Basic
Net income (loss)	$	126,628	$	(213,512)	$	(533,299)
Less: Net income (loss) allocable to participating RSUs (a)	—		—		—
Net income (loss) available for basic common shares	$	126,628	$	(213,512)	$	(533,299)
Weighted-average number of common shares	347,463		346,127		345,012
Basic net income (loss) per common share	$	0.36	$	(0.62)	$	(1.55)
Diluted
Net income (loss)	$	126,628	$	(213,512)	$	(533,299)
Less: Net income (loss) allocable to participating RSUs (a)	—		—		—
Net income (loss) available for diluted common shares	$	126,628	$	(213,512)	$	(533,299)
Weighted-average number of common shares	347,463		346,127		345,012
Dilutive stock options and restricted stock units ("RSUs") (b)	1,653		—		—
Weighted-average number of common and potential common shares	349,116		346,127		345,012
Diluted net income (loss) per common share	$	0.36	$	(0.62)	$	(1.55)

(a) Mattel did not have participating RSUs for the years ended December 31, 2020 or 2019. For the year ended December 31, 2018, Mattel did not allocate its net loss to its participating RSUs as its participating RSUs are not obligated to share in Mattel's losses.

(b) Nonqualified stock options and RSUs totaling 21.7 million were excluded from the calculation of diluted net income per common share for the year ended December 31, 2020, because their effect would be antidilutive. Mattel was in a net loss position for the years ended December 31, 2019 and 2018, and, accordingly, all outstanding nonqualified stock options and non-participating RSUs were excluded from the calculation of diluted earnings per common share because their effect would be antidilutive.