Basic and Diluted Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2016

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 Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2016		2015		2016		2015
	(In thousands, except per share amounts)
Net income (loss)	$	418,306	$	332,326	$	813,266	$	685,578
Less: Net income (loss) attributable to noncontrolling interests, net of tax		7,842		7,903		13,512		9,670
Net income (loss) attributable to DISH Network	$	410,464	$	324,423	$	799,754	$	675,908
Weighted-average common shares outstanding - Class A and B common stock:
Basic		464,803		462,929		464,589		462,512
Dilutive impact of stock awards outstanding		837		1,706		840		1,888
Diluted		465,640		464,635		465,429		464,400
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	0.88	$	0.70	$	1.72	$	1.46
Diluted net income (loss) per share attributable to DISH Network	$	0.88	$	0.70	$	1.72	$	1.46

As of June 30, 2016 and 2015, there were stock awards to acquire 1.8 million and 0.6 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 June 30,
	2016	2015
	(In thousands)
Performance based options	4,379	3,949
Restricted Performance Units	1,370	1,389
Total	5,749	5,338