Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share

The following table reconciles basic and diluted earnings per common share for the three and nine months ended September 30, 2021 and 2020: 

	For the Three Months Ended				For the Nine Months Ended
	September 30, 2021		September 30, 2020		September 30, 2021		September 30, 2020
	(In thousands, except per share amounts)
Basic:
Net income (loss)	$	795,076	$	311,338	$	677,154	$	(5,473)
Weighted-average number of common shares	350,424		347,628		349,642		347,206
Basic net income (loss) per common share	$	2.27	$	0.90	$	1.94	$	(0.02)
Diluted:
Net income (loss)	$	795,076	$	311,338	$	677,154	$	(5,473)
Weighted-average number of common shares	350,424		347,628		349,642		347,206
Dilutive share-based awards (a)	3,754		1,086		4,671		—
Weighted-average number of common and potential common shares	354,178		348,714		354,313		347,206
Diluted net income (loss) per common share	$	2.24	$	0.89	$	1.91	$	(0.02)

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(a)For the three and nine months ended September 30, 2021, share-based awards totaling 12.6 million and 11.7 million, respectively, were excluded from the calculation of diluted net income per common share because their effect would be antidilutive. For the three months ended September 30, 2020, share-based awards totaling 22.3 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 nine months ended September 30, 2020, 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.