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Basic and Diluted Net Income (Loss) Per Share (Tables)
3 Months Ended
Mar. 31, 2019
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,

 

 

    

2019

    

2018

    

 

 

(In thousands, except per share amounts)

Net income (loss)

 

$

361,299

 

$

385,321

 

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

 

 

21,538

 

 

17,761

 

Net income (loss) attributable to DISH Network - Basic

 

 

339,761

 

 

367,560

 

Interest on dilutive Convertible Notes, net of tax (1)

 

 

 —

 

 

 —

 

Net income (loss) attributable to DISH Network - Diluted

 

$

339,761

 

$

367,560

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

Basic

 

 

467,953

 

 

466,642

 

Dilutive impact of Convertible Notes

 

 

58,192

 

 

58,192

 

Dilutive impact of stock awards outstanding

 

 

74

 

 

475

 

Diluted

 

 

526,219

 

 

525,309

 

 

 

 

 

 

 

 

 

Earnings per share - Class A and B common stock:

 

 

 

 

 

 

 

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

 

$

0.73

 

$

0.79

 

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

 

$

0.65

 

$

0.70

 

 

 

 

 

 

 

 

 

(1)

For both the three months ended March 31, 2019 and 2018, materially all of our interest expense was capitalized.  See Note 2 for further information.

 

Schedule of dilutive securities not included in the diluted EPS calculation

 

 

 

 

 

 

 

 

 

As of March 31,

 

 

    

2019

    

2018

 

 

 

(In thousands)

 

Anti-dilutive stock awards

 

4,495

 

3,572

 

Performance based options (1)

    

8,936

 

4,804

 

Restricted Performance Units/Awards

 

1,651

 

2,061

 

Common stock warrants

 

46,029

 

46,029

 

Total

 

61,111

 

56,466

 

 

 

 

 

 

 

(1)

The increase in performance based options as of March 31, 2019 primarily resulted from the issuance of stock option awards as of October 1, 2018 under a long-term, performance-based stock incentive plan adopted on August 17, 2018 (the “2019 LTIP”).