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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Mar. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | Quarterly Financial Data (Unaudited) Certain quarterly information is presented below:
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (Amounts in millions, except per share amounts)
2018 |  |  |  |  |  |  |  |
Revenues |  | $ | 1,005.3 |  |  | $ | 940.8 |  |  | $ | 1,142.7 |  |  | $ | 1,040.2 |
Operating income(1) |  | $ | 89.7 |  |  | $ | 30.4 |  |  | $ | 80.2 |  |  | $ | 48.4 |
Net income(1)(2) |  | $ | 174.5 |  |  | $ | 12.9 |  |  | $ | 191.1 |  |  | $ | 89.6 |
Net income attributable to Lions Gate Entertainment Corp. shareholders |  | $ | 173.8 |  |  | $ | 15.5 |  |  | $ | 193.0 |  |  | $ | 91.3 |
Per share information attributable to Lions Gate Entertainment Corp. shareholders: |  |  |  |  |  |  |  |
Basic net income per common share |  | $ | 0.84 |  |  | $ | 0.07 |  |  | $ | 0.92 |  |  | $ | 0.43 |
Diluted income per common share |  | $ | 0.80 |  |  | $ | 0.07 |  |  | $ | 0.87 |  |  | $ | 0.41 |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
|  | (Amounts in millions, except per share amounts)
2017 |  |  |  |  |  |  |  |
Revenues |  | $ | 553.6 |  |  | $ | 639.5 |  |  | $ | 752.3 |  |  | $ | 1,256.1 |
Operating income (loss)(3) |  | $ | (22.0 | ) |  | $ | (58.2 | ) |  | $ | (7.4 | ) |  | $ | 71.3 |
Net income (loss)(3)(4) |  | $ | 0.8 |  |  | $ | (17.3 | ) |  | $ | (30.5 | ) |  | $ | 61.5 |
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders |  | $ | 1.3 |  |  | $ | (17.5 | ) |  | $ | (30.6 | ) |  | $ | 61.6 |
Per share information attributable to Lions Gate Entertainment Corp. shareholders: |  |  |  |  |  |  |  |
Basic net income (loss) per common share |  | $ | 0.01 |  |  | $ | (0.12 | ) |  | $ | (0.19 | ) |  | $ | 0.30 |
Diluted income (loss) per common share |  | $ | 0.01 |  |  | $ | (0.12 | ) |  | $ | (0.19 | ) |  | $ | 0.28 |
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(1) | During fiscal 2018, operating income and net income included the following items:
• | Restructuring and Other. The first, second, third and fourth quarter of fiscal 2018 included restructuring and other items of $10.9 million, $3.5 million, $21.4 million and $24.0 million, respectively (after tax $8.9 million, $2.5 million, $14.5 million, and $15.7 million, respectively) (see Note 14).
(2) | During fiscal 2018, net income also included the following items:
• | Loss on Extinguishment of Debt. The first, second, third and fourth quarter of fiscal 2018 included a loss on extinguishment of debt of $11.6 million, $6.4 million, $6.2 million and $11.6 million, respectively (after tax $8.5 million, $4.7 million, $4.6 million and $7.8 million, respectively) (see Note 7).
• | Gain on Sale of Equity Interest in EPIX. The first quarter of fiscal 2018 included a gain on sale of equity interest in EPIX of $201.0 million (after tax $127.0 million).
• | Impairment of Long-Term Investments and Other Assets. The third quarter of fiscal 2018 included impairment of long-term investments and other assets of $29.2 million (after tax $20.1 million) (see Note 5).
• | Impact of Corporate Tax Rate Change on Deferred Tax Liabilities. The third quarter of fiscal 2018 included a deferred tax benefit of $165.0 million resulting from the impact of the change in the U.S. federal corporate income tax rate from 35% to 21% under the Tax Cuts and Jobs Act on the Company's beginning net deferred tax liabilities (see Note 13).
• | Tax Benefit from Internal Capital Restructuring. The fourth quarter of fiscal 2018 included a net tax benefit of $94.1 million primarily from the internal capital restructuring in connection with our third party debt refinancing (see Note 7 to our consolidated financial statements), net of the charge from an increase in our valuation allowance associated with certain deferred tax assets (see Note 13).
(3) | During fiscal 2017, operating income and net income included the following items:
• | Restructuring and Other. The first, second, third and fourth quarter of fiscal 2017 included restructuring and other items of $7.7 million, $10.7 million, $54.0 million, and $16.4 million, respectively (after tax $4.9 million, $6.8 million, $42.5 million, and $11.9 million, respectively) (see Note 14).
(4) | During fiscal 2017, net income also included the following items:
• | Loss on Extinguishment of Debt. The third and fourth quarter of fiscal 2017 included a loss on extinguishment of debt, of $28.3 million and $12.1 million, respectively (after tax $23.4 million and $5.8 million, respectively) (see Note 7).
• | Gain on Starz Investment. The third quarter of fiscal 2017 included a gain on Starz investment of $20.4 million (after tax $20.4 million) (see Note 5 ).

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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