Earnings Per Share

6 Months Ended

Jun. 30, 2020

The following table reconciles basic and diluted earnings per common share for the three and six months ended June 30, 2020 and 2019:


	For the Three Months Ended						For the Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	(In thousands, except per share amounts)
Basic
Net loss	$	(109,172)	$	(107,987)	$	(319,914)	$	(284,283)
Weighted-average number of common shares	346,875		345,941		346,778		345,946
Basic net loss per common share	$	(0.31)	$	(0.31)	$	(0.92)	$	(0.82)

Diluted
Net loss	$	(109,172)	$	(107,987)	$	(319,914)	$	(284,283)
Weighted-average number of common shares	346,875		345,941		346,778		345,946
Dilutive stock options and restricted stock units ("RSUs") (a)	—		—		—		—
Weighted-average number of common and potential common shares	346,875		345,941		346,778		345,946
Diluted net loss per common share	$	(0.31)	$	(0.31)	$	(0.92)	$	(0.82)

_______________________________________

(a)Mattel was in a net loss position for the three and six months ended June 30, 2020 and 2019, and, accordingly, all outstanding nonqualified stock options and RSUs were excluded from the calculation of diluted net loss per common share because their effect would be antidilutive.