Earnings Per Share

6 Months Ended

Jun. 30, 2022

The following table reconciles basic and diluted earnings per common share for the three and six months ended June 30, 2022 and 2021:


	For the Three Months Ended				For the Six Months Ended
	June 30, 2022		June 30, 2021		June 30, 2022		June 30, 2021
	(In thousands, except per share amounts)
Basic:
Net income (loss)	$	66,440	$	(5,537)	$	87,894	$	(117,922)
Weighted-average number of common shares	353,457		349,441		352,837		349,244
Basic net income (loss) per common share	$	0.19	$	(0.02)	$	0.25	$	(0.34)

Diluted:
Net income (loss)	$	66,440	$	(5,537)	$	87,894	$	(117,922)
Weighted-average number of common shares	353,457		349,441		352,837		349,244
Dilutive share-based awards (a)	6,381		—		6,111		—
Weighted-average number of common and potential common shares	359,838		349,441		358,948		349,244
Diluted net income (loss) per common share	$	0.18	$	(0.02)	$	0.24	$	(0.34)

(a)For the three and six months ended June 30, 2022, share-based awards totaling 10.6 million and 10.1 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 and six months ended June 30, 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.