Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2021

The following table reconciles basic and diluted earnings per common share for the three months ended March 31, 2021 and 2020:


	For the Three Months Ended
	March 31, 2021		March 31, 2020
	(In thousands, except per share amounts)
Basic:
Net loss	$	(115,218)	$	(210,741)
Weighted-average number of common shares	349,041		346,867
Basic net loss per common share	$	(0.33)	$	(0.61)

Diluted:
Net loss	$	(115,218)	$	(210,741)
Weighted-average number of common shares	349,041		346,867
Dilutive stock options and restricted stock units ("RSUs") (a)	—		—
Weighted-average number of common and potential common shares	349,041		346,867
Diluted net loss per common share	$	(0.33)	$	(0.61)

_______________________________________

(a)Mattel was in a net loss position for the three months ended March 31, 2021 and 2020, 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.