Basic and Diluted Net Income (Loss) Per Share

12 Months Ended

Dec. 31, 2015

Basic and Diluted Net Income (Loss) Per Share

Basic and Diluted Net Income (Loss) Per Share

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.

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.

	As of December 31,
	2015	2014	2013
	(In thousands)
Performance based options (1)	3,905	7,247	7,791
Restricted Performance Units (1)	1,382	1,798	1,943
Total (1)	5,287	9,045	9,734

(1) The decrease in performance based options and Restricted Performance Units primarily resulted from the expiration of the 2005 LTIP.  See Note 14 for further information.