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Table of Contents
HSN, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
For the year ended December 31, 2008, diluted earnings per share was computed using (i) the number of shares of common stock
outstanding immediately following the spin-off, as if such shares were outstanding for the entire period prior to the spin-off, (ii) the weighted
average number of such shares outstanding following the spin-
off date through December 31, 2008, and (iii) if dilutive, the incremental common
stock that we would issue upon the assumed exercise of stock options and stock appreciation rights and the vesting of restricted stock units using
the treasury stock method.
The following table presents our basic and diluted earnings (loss) per share (in thousands, except per share data):
57
Year Ended December 31,
2010
2009
2008
Net income (loss):
Income (loss) from continuing operations
$
98,562
$
72,578
$
(2,387,478
)
Loss from discontinued operations
(39
)
(90
)
(3,410
)
Net income (loss)
$
98,523
$
72,488
$
(2,390,888
)
Weighted average number of shares outstanding:
Basic
57,414
56,383
56,208
Dilutive effect of stock
-
based compensation awards
2,132
947
—
Diluted
59,546
57,330
56,208
Net income (loss) per share
—
basic:
Continuing operations
$
1.72
$
1.29
$
(42.48
)
Discontinued operations
—
—
(
0.06
)
Net income (loss)
$
1.72
$
1.29
$
(42.54
)
Net income (loss) per share
—
diluted:
Continuing operations
$
1.66
$
1.27
$
(42.48
)
Discontinued operations
(0.01
)
(0.01
)
(0.06
)
Net income (loss)
$
1.65
$
1.26
$
(42.54
)
Unexercised employee stock options and stock appreciation rights and unvested restricted stock
units excluded from the diluted EPS calculation because their effect would have been
antidilutive
1,632
4,372
6,318