Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

The following table reconciles basic and diluted earnings per common share for the years ended December 31, 2021, 2020, and 2019.


	For the Year Ended
	December 31, 2021		December 31, 2020		December 31, 2019
	(In thousands, except per share amounts)
Basic:
Net income (loss)	$	902,987	$	123,579	$	(218,750)
Weighted-average number of common shares	350,007		347,463		346,127
Basic net income per common share	$	2.58	$	0.36	$	(0.63)

Diluted:
Net income (loss)	$	902,987	$	123,579	$	(218,750)
Weighted-average number of common shares	350,007		347,463		346,127
Dilutive share-based awards (a)	7,246		1,653		—
Weighted-average number of common and potential common shares	357,253		349,116		346,127
Diluted net income per common share	$	2.53	$	0.35	$	(0.63)

(a) Nonqualified stock options and RSUs totaling 12.1 million and 21.7 million were excluded from the calculation of diluted net income per common share for the years ended December 31, 2021 and December 31, 2020, respectively, because their effect would be antidilutive. Mattel was in a net loss position for the year ended December 31, 2019 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.