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Description of Business, Basis of Presentation and Significant Accounting Policies (Tables)

12 Months Ended

Mar. 31, 2020

Organization, Consolidation and Presentation of Financial Statements [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 — 7 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 (Loss) Per Common Share

Basic net income (loss) per share is calculated based on the weighted average common shares outstanding for the period. Basic net income (loss) per share for the years ended March 31, 2020, 2019 and 2018 is presented below:

		Year Ended March 31,
		2020				2019				2018
		(Amounts in millions, except per share amounts)
Basic Net Income (Loss) Per Common Share:
Numerator:
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders		$	(188.4	)		$	(284.2	)		$	473.6
Denominator:
Weighted average common shares outstanding		217.9				213.7				208.4
Basic net income (loss) per common share		$	(0.86	)		$	(1.33	)		$	2.27

Diluted Net Income (Loss) Per Common Share

Diluted net income (loss) per common share for the years ended March 31, 2020, 2019 and 2018 is presented below:

		Year Ended March 31,
		2020				2019				2018
		(Amounts in millions, except per share amounts)
Diluted Net Income (Loss) Per Common Share:
Numerator:
Net income (loss) attributable to Lions Gate Entertainment Corp. shareholders		$	(188.4	)		$	(284.2	)		$	473.6
Add:
Interest on convertible notes, net of tax		—				—				0.5
Numerator for diluted net income (loss) per common share		$	(188.4	)		$	(284.2	)		$	474.1
Denominator:
Weighted average common shares outstanding		217.9				213.7				208.4
Effect of dilutive securities:
Conversion of notes		—				—				2.1
Share purchase options		—				—				7.5
Restricted share units and restricted stock		—				—				0.7
Contingently issuable shares		—				—				1.7
Adjusted weighted average common shares outstanding		217.9				213.7				220.4
Diluted net income (loss) per common share		$	(0.86	)		$	(1.33	)		$	2.15

Anti-dilutive Shares Issuable

Additionally, for the years ended March 31, 2020, 2019 and 2018, the outstanding common shares issuable presented below were excluded from diluted net income (loss) per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period.

	Year Ended
	March 31,
	2020			2019			2018
	(Amounts in millions)
Anti-dilutive shares issuable
Share purchase options	31.4			21.3			11.5
Restricted share units	2.4			1.0			0.2
Other issuable shares	4.0			1.4			1.2
Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share	37.8			23.7			12.9

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