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Net Income (Loss) Per Share (Tables) | 9 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Basic Net Income (Loss) Per Common Share | Basic net income (loss) per share for the three and nine months ended December 31, 2023 and 2022 is presented below:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (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 | $ | (106.6) |  |  | $ | 16.6 |  |  | $ | (1,063.5) |  |  | $ | (1,913.5) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 235.1 |  |  | 228.8 |  |  | 233.1 |  |  | 227.4 |
Basic net income (loss) per common share | $ | (0.45) |  |  | $ | 0.07 |  |  | $ | (4.56) |  |  | $ | (8.41) |
Diluted Net Income (Loss) Per Common Share | Diluted net income (loss) per common share for the three and nine months ended December 31, 2023 and 2022 is presented below:
| Three Months Ended |  | Nine Months Ended
| December 31, |  | December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (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 | $ | (106.6) |  |  | $ | 16.6 |  |  | $ | (1,063.5) |  |  | $ | (1,913.5) |
Denominator: |  |  |  |  |  |  |
Weighted average common shares outstanding | 235.1 |  |  | 228.8 |  |  | 233.1 |  |  | 227.4 |
Effect of dilutive securities: |  |  |  |  |  |  |
Restricted share units and restricted stock | — |  |  | 1.3 |  |  | — |  |  | — |
Adjusted weighted average common shares outstanding | 235.1 |  |  | 230.1 |  |  | 233.1 |  |  | 227.4 |
Diluted net income (loss) per common share | $ | (0.45) |  |  | $ | 0.07 |  |  | $ | (4.56) |  |  | $ | (8.41) |
Anti-dilutive Shares Issuable | Additionally, for the three and nine months ended December 31, 2023 and 2022, 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 |  | Nine Months Ended
| December 31, |  | December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (Amounts in millions)
Anti-dilutive shares issuable |  |  |  |  |  |  |
Share purchase options | 16.8 |  |  | 25.2 |  |  | 18.0 |  |  | 22.8 |
Restricted share units | 0.6 |  |  | 5.6 |  |  | 2.5 |  |  | 2.5 |
Other issuable shares | 4.4 |  |  | 4.3 |  |  | 4.1 |  |  | 3.2 |
Total weighted average anti-dilutive shares issuable excluded from diluted net income (loss) per common share | 21.8 |  |  | 35.1 |  |  | 24.6 |  |  | 28.5 |

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