Basic and Diluted Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2022

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,
	2022		2021
	(In thousands, except per share amounts)
Net income (loss)	$	448,846	$	641,563
Less: Net income (loss) attributable to noncontrolling interests, net of tax		16,195		11,339
Net income (loss) attributable to DISH Network - Basic		432,651		630,224
Interest on dilutive Convertible Notes, net of tax (1)		—		—
Net income (loss) attributable to DISH Network - Diluted	$	432,651	$	630,224
Weighted-average common shares outstanding - Class A and B common stock:
Basic		529,067		526,570
Dilutive impact of Convertible Notes		107,016		107,016
Dilutive impact of stock awards outstanding		387		174
Diluted		636,470		633,760
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	0.82	$	1.20
Diluted net income (loss) per share attributable to DISH Network	$	0.68	$	0.99

(1) For both the three months ended March 31, 2022 and 2021, materially all of our interest expense was capitalized. See Note 2 for further information.

Schedule of anti-dilutive securities not included in the diluted EPS calculation

	As of March 31,
	2022	2021
	(In thousands)
Anti-dilutive stock awards	11,259	9,286
Performance/market based options (1)	15,981	16,940
Restricted Performance Units/Awards	1,273	1,632
Common stock warrants	46,029	46,029
Total	74,542	73,887

(1) The decrease primarily resulted from approximately 20% of the Ergen 2020 Performance Award vesting as of December 31, 2021, partially offset by grants of the 2022 Incentive Plan during the first quarter of 2022.