Net Income Per Share (Tables)

3 Months Ended

Jun. 30, 2017

Basic net income per share for the three months ended June 30, 2017 and 2016 is presented below:



	Three Months Ended
	June 30,
	2017		2016
	(Amounts in millions, except per share amounts)
Basic Net Income Per Common Share:
Numerator:
Net income attributable to Lions Gate Entertainment Corp. shareholders	$	173.8	$	1.3
Denominator:
Weighted average common shares outstanding⁽¹⁾	206.8		147.2
Basic net income per common share	$	0.84	$	0.01

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(1)	The weighted average common shares outstanding for the three months ended June 30, 2017 do not include the equity portion of the merger consideration related to the dissenting Starz shareholders as discussed in Note 2 and Note 15.

Diluted Net Income Per Common Share

Diluted net income per common share for the three months ended June 30, 2017 and 2016 is presented below:



	Three Months Ended
	June 30,
	2017		2016
	(Amounts in millions, except per share amounts)
Diluted Net Income Per Common Share:
Numerator:
Net income attributable to Lions Gate Entertainment Corp. shareholders	$	173.8	$	1.3
Add:
Interest on convertible notes, net of tax	0.1		—
Numerator for diluted net income per common share	$	173.9	$	1.3

Denominator:
Weighted average common shares outstanding	206.8		147.2
Effect of dilutive securities:
Conversion of notes	2.1		—
Share purchase options	6.3		2.3
Restricted share units and restricted stock	0.7		0.1
Contingently issuable shares	2.0		—
Adjusted weighted average common shares outstanding	217.9		149.6
Diluted net income per common share	$	0.80	$	0.01

Anti-dilutive Shares Issuable

For the three months ended June 30, 2017 and 2016, 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.



	Three Months Ended
	June 30,
	2017	2016
	(Amounts in millions)
Anti-dilutive shares issuable
Conversion of notes	—	6.2
Share purchase options	17.0	9.4
Restricted share units	0.2	0.9
Other issuable shares	1.5	1.2
Total weighted average anti-dilutive shares issuable excluded from diluted net income per common share	18.7	17.7