Cablevision 2011 Annual Report Download - page 155

COMBINED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
(Dollars in thousands, except per share amounts)
I-31
A reconciliation of the denominator of the basic and diluted net income per share attributable to
Cablevision stockholders calculation for the years ended December 31, 2011 and 2010 is as follows:
2011 2010 2009
(in thousands)
Basic weighted average shares outstanding .............................. 276,369 293,165 291,759
Effect of dilution:
Stock options ......................................................................... 3,320 3,181 2,483
Restricted stock awards ......................................................... 5,215 5,534 4,202
Diluted weighted average shares outstanding ........................... 284,904 301,880 298,444
Anti-dilutive shares (options whose exercise price exceeds the average market price of Cablevision's
common stock during the period and certain restricted shares) totaling approximately 303,000, 237,000
and 1,736,000 (which include Company options held by AMC Networks and Madison Square Garden
employees), have been excluded from diluted weighted average shares outstanding for the years ended
December 31, 2011, December 31, 2010 and December 31, 2009, respectively. In addition 193,000
restricted shares issued pursuant to the Company's employee stock plan have been excluded from the
diluted weighted average shares outstanding for the year ended December 31, 2011 as the performance
criteria on these awards have not yet been satisfied.
CSC Holdings
Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited
liability company and a wholly-owned subsidiary of Cablevision.
Comprehensive Income (Loss)
In June 2011, the Financial Accounting Standards Board ("FASB") issued ASU No. 2011-05,
Comprehensive Income (Topic 220): Presentation of Comprehensive Income. The main provisions of
ASU No. 2011-05 provide that an entity that reports items of other comprehensive income has the option
to present comprehensive income as (i) a single statement that presents the components of net income and
total net income, the components of other comprehensive income and total other comprehensive income,
and a total for comprehensive income or (ii) in a two-statement approach, whereby an entity must present
the components of net income and total net income in the first statement and that statement is
immediately followed by a financial statement that presents the components of other comprehensive
income, a total for other comprehensive income, and a total for comprehensive income. The option in
current GAAP that permits the presentation of other comprehensive income in the statement of changes in
equity has been eliminated. ASU No. 2011-05 is to be applied retrospectively. The Company has early
adopted the provisions of ASU No. 2011-05 during the fourth quarter of 2011 and has opted to present
comprehensive income in a two-statement approach.
In December 2011, the FASB issued ASU No. 2011-12, Comprehensive Income (Topic 220): Deferral of
the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated
Other Comprehensive Income in Accounting Standards Update No. 2011-05. ASU No. 2011-12 defers
only those changes in ASU No. 2011-05 that relate to the presentation of the effects of reclassifications
out of accumulated other comprehensive income on the components of net income and other
comprehensive income for all periods presented on the face of the financial statements. All other
requirements in ASU No. 2011-05 are not affected by ASU No. 2011-12, including the requirement to
report comprehensive income either in a single continuous financial statement or in two separate but
consecutive financial statements. The Company has deferred the effective date for amendments to the