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Income Per Share of Common Stock (Tables)
3 Months Ended
Mar. 31, 2021
Earnings Per Share [Abstract]  
Schedule of Diluted Weighted-Average Number of Common and Common Equivalent Shares Adjustments for Potential Dilution of Share-Based Awards Outstanding

The table below reconciles basic and diluted income per share of common stock. Diluted weighted-average common and common equivalent shares include adjustments for potential dilution of share-based awards outstanding under the Company’s stock compensation plan.

 

Three Months Ended

 

 

March 31,

 

 

2021

 

 

2020

 

 

(In thousands)

 

Numerator:

 

 

 

 

 

 

 

Net income (loss) attributable to MGM Resorts International

$

(331,829

)

 

$

806,869

 

Adjustment related to redeemable noncontrolling interests

 

(9,428

)

 

 

8,070

 

Net income (loss) available to common stockholders – basic and diluted

$

(341,257

)

 

$

814,939

 

Denominator:

 

 

 

 

 

 

 

Weighted-average common shares outstanding – basic

 

494,864

 

 

 

495,415

 

Potential dilution from share-based awards

 

 

 

 

1,569

 

Weighted-average common and common equivalent shares – diluted

 

494,864

 

 

 

496,984

 

Antidilutive share-based awards excluded from the calculation of diluted earnings per share

 

8,484

 

 

 

3,876