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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 901.0 $ 940.8 $ 1,833.6 $ 1,946.1
Expenses        
Direct operating 463.2 521.6 993.2 1,076.4
Distribution and marketing 227.9 234.5 431.4 432.6
General and administration 115.0 111.5 225.1 223.3
Depreciation and amortization 40.8 39.3 81.1 79.3
Restructuring and other 15.0 3.5 25.6 14.4
Total expenses 861.9 910.4 1,756.4 1,826.0
Operating income 39.1 30.4 77.2 120.1
Interest expense        
Interest expense [1] (38.8) (34.8) (74.2) (73.8)
Interest on dissenting shareholders' liability (16.7) (13.9) (32.6) (27.2)
Total interest expense (55.5) (48.7) (106.8) (101.0)
Shareholder litigation settlements [2] (114.1) 0.0 (114.1) 0.0
Interest and other income 3.0 2.7 6.1 5.5
Loss on extinguishment of debt 0.0 (6.4) 0.0 (18.0)
Gain (loss) on investments (36.1) 0.0 (37.0) 201.0
Equity interests loss (11.7) (12.7) (17.8) (21.0)
Income (loss) before income taxes (175.3) (34.7) (192.4) 186.6
Income tax benefit 26.0 47.6 31.8 0.8
Net income (loss) (149.3) 12.9 (160.6) 187.4
Less: Net loss attributable to noncontrolling interests 5.2 2.6 8.7 1.9
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders $ (144.1) $ 15.5 $ (151.9) $ 189.3
Per share information attributable to Lions Gate Entertainment Corp. shareholders:        
Basic net income (loss) per common share (in usd per share) $ (0.67) $ 0.07 $ (0.71) $ 0.91
Diluted net income (loss) per common share (in usd per share) $ (0.67) $ 0.07 $ (0.71) $ 0.87
Weighted average number of common shares outstanding:        
Basic (in shares) 213.6 207.8 212.7 207.3
Diluted (in shares) 213.6 219.8 212.7 218.7
Dividends declared per common share (in usd per share) $ 0.09 $ 0 $ 0.18 $ 0
[1] Represents interest expense before interest on dissenting shareholders' liability.
[2] Shareholder litigation settlements of $114.1 million in the three and six months ended September 30, 2018 includes the following: (i) $54.8 million for the net expense recorded for the settlement of the Fiduciary Litigation (representing the settlement amount of $92.5 million, which the Company has included in accounts payable and accrued liabilities in the unaudited condensed consolidated balance sheet, net of aggregate insurance reimbursement of $37.8 million, which amount the Company has recorded a receivable included in the "other current assets" line item in the unaudited condensed consolidated balance sheet as of September 30, 2018) and (ii) $59.3 million related to the Appraisal Litigation, representing the amount by which the settlement amount of approximately $961 million exceeds the previously accrued $901.9 million dissenting shareholders' liability, before considering the settlement (i.e., dissenting shareholders' liability plus accrued interest through September 30, 2018). See Note 16.