Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

The following table reconciles basic and diluted earnings per common share for the three months ended March 31, 2022 and 2021:


	For the Three Months Ended
	March 31, 2022		March 31, 2021
	(In thousands, except per share amounts)
Basic:
Net income (loss)	$	21,454	$	(112,385)
Weighted-average number of common shares	352,215		349,041
Basic net income (loss) per common share	$	0.06	$	(0.32)

Diluted:
Net income (loss)	$	21,454	$	(112,385)
Weighted-average number of common shares	352,215		349,041
Dilutive share-based awards (a)	6,788		—
Weighted-average number of common and potential common shares	359,003		349,041
Diluted net income (loss) per common share	$	0.06	$	(0.32)

(a)For the three months ended March 31, 2022, share-based awards totaling 11.1 million, were excluded from the calculation of diluted net income per common share because their effect would be antidilutive. Mattel was in a net loss position for the three months ended March 31, 2021, and, accordingly, all outstanding share-based awards were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.