Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2017

Significant Accounting Policies [Abstract]

Useful Lives and Depreciation Methods of Property and Equipment

Depreciation is provided for on a straight line basis over the following useful lives:



Distribution equipment		1 — 4 years
Computer equipment and software		2 — 5 years
Furniture and equipment		2 — 10 years
Leasehold improvements		Lease term or the useful life, whichever is shorter
Building		26 years
Land		Not depreciated

Basic Net Income Per Common Share

Basic net income per share is calculated based on the weighted average common shares outstanding for the period. Basic net income per share for the years ended March 31, 2017, 2016 and 2015 is presented below:



	Year Ended March 31,
	2017		2016		2015
	(Amounts in millions, except per share amounts)
Basic Net Income Per Common Share:
Numerator:
Net income attributable to Lions Gate Entertainment Corp. shareholders	$	14.8	$	50.2	$	181.8
Denominator:
Weighted average common shares outstanding⁽¹⁾	165.0		148.5		139.0
Basic net income per common share	$	0.09	$	0.34	$	1.31

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(1)	The weighted average common shares outstanding for the year ended March 31, 2017 do not include the equity portion of the merger consideration related to the dissenting Starz shareholders as discussed in Note 3 and Note 17.

Diluted Net Income Per Common Share

Diluted net income per common share for the years ended March 31, 2017, 2016 and 2015 is presented below:



	Year Ended March 31,
	2017		2016		2015
	(Amounts in millions, except per share amounts)
Diluted Net Income Per Common Share:
Numerator:
Net income attributable to Lions Gate Entertainment Corp. shareholders	$	14.8	$	50.2	$	181.8
Add:
Interest on convertible notes, net of tax	—		0.5		5.5
Numerator for diluted net income per common share	$	14.8	$	50.7	$	187.3

Denominator:
Weighted average common shares outstanding	165.0		148.5		139.0
Effect of dilutive securities:
Conversion of notes	—		2.1		9.5
Share purchase options	3.5		3.1		2.8
Restricted share units and restricted stock	0.3		0.4		0.5
Contingently issuable shares	3.4		—		—
Adjusted weighted average common shares outstanding	172.2		154.1		151.8
Diluted net income per common share	$	0.09	$	0.33	$	1.23

Anti-dilutive Shares Issuable

For the years ended March 31, 2017, 2016 and 2015, the outstanding common shares issuable presented below were excluded from diluted net income per common share because their inclusion would have had an anti-dilutive effect.



	Year Ended
	March 31,
	2017	2016	2015
	(Amounts in millions)
Anti-dilutive shares issuable
Conversion of notes	5.2	4.0	—
Share purchase options	12.1	4.7	4.3
Restricted share units	0.6	0.2	0.1
Other issuable shares	1.2	0.6	0.3
Total weighted average anti-dilutive shares issuable excluded from diluted net income per common share	19.1	9.5	4.7