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Basic and Diluted Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2017
Basic and Diluted Net Income (Loss) Per Share  
Table presents EPS amounts for all periods and the basic and diluted weighted-average shares outstanding used in the calculation

 

 

 

 

 

 

 

 

 

 

For the Three Months

 

 

 

Ended March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands, except per share amounts)

 

Net income (loss)

 

$

390,075

 

$

411,944

 

Less: Net income (loss) attributable to noncontrolling interests, net of tax

 

 

14,360

 

 

12,053

 

Net income (loss) attributable to DISH Network - Basic

 

 

375,715

 

 

399,891

 

Interest on dilutive Convertible Notes, net of tax

 

 

17,119

 

 

 —

 

Net income (loss) attributable to DISH Network - Diluted

 

$

392,834

 

$

399,891

 

 

 

 

 

 

 

 

 

Weighted-average common shares outstanding - Class A and B common stock:

 

 

 

 

 

 

 

Basic

 

 

465,412

 

 

464,375

 

Dilutive impact of Convertible Notes

    

 

48,056

 

 

 —

 

Dilutive impact of stock awards outstanding

 

 

975

 

 

844

 

Diluted

 

 

514,443

 

 

465,219

 

 

 

 

 

 

 

 

 

Earnings per share - Class A and B common stock:

 

 

 

 

 

 

 

Basic net income (loss) per share attributable to DISH Network

 

$

0.81

 

$

0.86

 

Diluted net income (loss) per share attributable to DISH Network

 

$

0.76

 

$

0.86

 

 

Schedule of dilutive securities not included in the diluted EPS calculation

 

 

 

 

 

 

 

 

As of March 31,

 

 

    

2017

    

2016

 

 

 

(In thousands)

 

Anti-dilutive stock awards

 

1,491

 

1,448

 

Performance based options (1)

    

6,489

 

4,459

 

Restricted Performance Units

 

1,318

 

1,409

 

Common stock warrants

 

46,029

 

 —

 

Total

 

55,327

 

7,316

 

 

 

 

 

 

 

(1)

The increase in performance based options as of March 31, 2017 primarily resulted from the issuance of stock option awards as of January 1, 2017 under a long-term, performance-based stock incentive plan adopted on December 2, 2016 (the “2017 LTIP”).