Dish Network 2015 Annual Report Download - page 123

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DISH NETWORK CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued
F-19
Recognition and Measurement of Financial Assets and Financial Liabilities. In January 2016, the FASB issued
ASU 2016-01 (“ASU 2016-01”), Recognition and Measurement of Financial Assets and Financial Liabilities, which
amends certain aspects of recognition, measurement, presentation and disclosure of financial instruments. This
amendment requires all equity investments to be measured at fair value with changes in the fair value recognized
through net income (other than those accounted for under equity method of accounting or those that result in
consolidation of the investee). This standard will be effective for fiscal years beginning after December 15, 2017,
including interim periods within those fiscal years. We are evaluating the impact the adoption of ASU 2016-01 will
have on our consolidated financial statements.
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.
For the Years Ended December 31,
2015 2014 2013
(In thousands, except per share amounts)
Income (loss) from continuing operations $ 769,276 $ 928,902 $ 837,089
Less: Net income (loss) attributable to noncontrolling interests, net of tax 22,184 (15,791) (17,746)
Income (loss) from continuing operations attributable to DISH Network 747,092 944,693 854,835
Income (loss) from discontinued operations, net of tax — — (47,343)
Net income (loss) attributable to DISH Network $ 747,092
$ 944,693 $ 807,492
Weighted-average common shares outstanding - Class A and B common stock:
Basic 462,995 460,126 456,044
Dilutive impact of stock awards outstanding 1,702 2,801 3,122
Diluted 464,697 462,927 459,166
Earnings per share - Class A and B common stock:
Basic net income (loss) per share from continuing operations attributable to DISH Network $ 1.61
$ 2.05 $ 1.87
Basic net income (loss) per share from discontinued operations — — (0.10)
Basic net income (loss) per share attributable to DISH Network $ 1.61
$ 2.05 $ 1.77
Diluted net income (loss) per share from continuing operations attributable to DISH Network $ 1.61
$ 2.04 $ 1.86
Diluted net income (loss) per share from discontinued operations — — (0.10)
Diluted net income (loss) per share attributable to DISH Network $1.61 $ 2.04 $ 1.76
As of December 31, 2015, 2014 and 2013, there were stock awards to acquire 0.7 million, 0.4 million and 0.7
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.