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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Share

The following table reconciles earnings per common share for the three and six months ended June 30, 2013 and 2012:

 

 

     For the Three Months Ended     For the Six Months Ended  
     June 30, 2013     June 30, 2012     June 30, 2013     June 30, 2012  
     (In thousands, except per share amounts)  

Basic:

        

Net income

   $ 73,348      $ 96,218      $ 111,859      $ 104,047   

Less net income allocable to participating RSUs (a)

     (725     (1,051     (1,131     (1,153
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income available for basic common shares

   $ 72,623      $ 95,167      $ 110,728      $ 102,894   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

     346,614        341,256        345,453        340,197   
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic net income per common share

   $ 0.21      $ 0.28      $ 0.32      $ 0.30   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted:

        

Net income

   $ 73,348      $ 96,218      $ 111,859      $ 104,047   

Less net income allocable to participating RSUs (a)

     (730     (1,052     (1,147     (1,168
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income available for diluted common shares

   $ 72,618      $ 95,166      $ 110,712      $ 102,879   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

     346,614        341,256        345,453        340,197   

Weighted average common equivalent shares arising from:

        

Dilutive stock options and non-participating RSUs

     3,810        4,298        4,050        4,417   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average number of common and potential common shares

     350,424        345,554        349,503        344,614   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net income per common share

   $ 0.21      $ 0.28      $ 0.32      $ 0.30   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) During the three and six months ended June 30, 2013 and 2012, Mattel allocated a proportionate share of both dividends and undistributed earnings to participating RSUs.