Dish Network 2014 Annual Report Download - page 123

DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-17
3. Basic and Diluted Net Income (Loss) Per Share
We present both basic earnings per share (“EPS”) and diluted EPS. Basic EPS excludes potential dilution and is
computed by dividing “Net income (loss) attributable to DISH Network” by the weighted-average number of
common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock
awards were exercised. The potential dilution from stock awards was computed using the treasury stock method
based on the average market value of our Class A common stock. The following table presents EPS amounts for all
periods and the basic and diluted weighted-average shares outstanding used in the calculation.
2014 2013 2012
Income (loss) from continuing operations................................................................................................ 928,902$ 837,089$ 662,919$
Less: Net income (loss) attributable to noncontrolling interests......................................................... (15,791) (17,746) (10,947)
Income (loss) from continuing operations attributable to DISH Network................................................ 944,693 854,835 673,866
Income (loss) from discontinued operations, net of tax............................................................................ - (47,343) (37,179)
Net income (loss) attributable to DISH Network................................................................................. $ 944,693 $ 807,492 $ 636,687
Weighted-average common shares outstanding - Class A and B common stock:
Basic......................................................................................................................................................... 460,126 456,044 450,264
Dilutive impact of stock awards outstanding............................................................................................ 2,801 3,122 2,635
Diluted...................................................................................................................................................... 462,927 459,166 452,899
Earnings per share - Class A and B common stock:
Basic net income (loss) per share from continuing operations attributable to DISH Network................. $ 2.05 $ 1.87 $ 1.49
Basic net income (loss) per share from discontinued operations.............................................................. -
(
0.10
)
(
0.08
)
Basic net income (loss) per share attributable to DISH Network...................................................... $ 2.05 $ 1.77 $ 1.41
Diluted net income (loss) per share from continuing operations attributable to DISH Network.............. $ 2.04 $ 1.86 $ 1.49
Diluted net income (loss) per share from discontinued operations........................................................... - (0.10) (0.08)
Diluted net income (loss) per share attributable to DISH Network................................................... $ 2.04 $ 1.76 $ 1.41
For the Years Ended December 31,
(In thousands, except per share amounts)
As of December 31, 2014, 2013 and 2012, there were stock awards to acquire 0.4 million, 0.7 million and 2.5
million shares, respectively, of Class A common stock outstanding, not included in the weighted-average common
shares outstanding above, as their effect is anti-dilutive.
Vesting of options and rights to acquire shares of our Class A common stock granted pursuant to our performance
based stock incentive plans (“Restricted Performance Units”) is contingent upon meeting certain goals, some of
which are not yet probable of being achieved. As a consequence, the following are also not included in the diluted
EPS calculation.
2014 2013 2012
Performance based options.......................... 7,247 7,791 7,929
Restricted Performance Units...................... 1,798 1,943 1,185
Total........................................................ 9,045 9,734 9,114
As of December 31,
(In thousands)