XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.22.2

Net Loss Per Share | 3 Months Ended
--- | ---
Jun. 30, 2022
Earnings Per Share [Abstract] |
Net Income (Loss) Per Share | Net Loss Per Share Basic net loss per share is calculated based on the weighted average common shares outstanding for the period. Basic and diluted net loss per share for the three months ended June 30, 2022 and 2021 is presented below:
|  |  | Three Months Ended
|  |  | June 30,
|  |  |  |  | 2022 |  | 2021
|  |  |  |  | (Amounts in millions, except per share amounts)
Basic and Diluted Net Loss Per Common Share: |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net loss attributable to Lions Gate Entertainment Corp. shareholders |  |  |  |  | $ | (119.0) |  |  | $ | (45.4) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  |  |  | 225.6 |  |  | 221.8 |
Basic and diluted net loss per common share |  |  |  |  | $ | (0.53) |  |  | $ | (0.20) |
As a result of the net loss in the three months ended June 30, 2022 and 2021, the dilutive effect of the share purchase options, restricted share units ("RSUs") and restricted stock, and contingently issuable shares were considered anti-dilutive and, therefore, excluded from diluted net loss per share. The weighted average anti-dilutive shares excluded from the calculation due to the net loss for the three months ended June 30, 2022 totaled 3.8 million (three months ended June 30, 2021 - 7.4 million). Additionally, for the three months ended June 30, 2022 and 2021, the outstanding common shares issuable presented below were excluded from diluted net loss per common share because their inclusion would have had an anti-dilutive effect regardless of net income or loss in the period.
|  |  | Three Months Ended
|  |  | June 30,
|  |  |  |  | 2022 |  | 2021
|  |  |  |  | (Amounts in millions)
Anti-dilutive shares issuable |  |  |  |  |  |  |
Share purchase options |  |  |  |  | 19.6 |  |  | 13.4 |
Restricted share units |  |  |  |  | 0.1 |  |  | — |
Other issuable shares |  |  |  |  | 2.7 |  |  | 1.9 |
Total weighted average anti-dilutive shares issuable excluded from diluted net loss per common share |  |  |  |  | 22.4 |  |  | 15.3 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=109243012&loc=SL65017193-207537 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3630-109257 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration