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Earnings Per Share
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

7. EARNINGS PER SHARE

 

The Company's earnings per share from continuing operations (basic and diluted) are presented below:

    Three Months Ended  Nine Months Ended
    September 30, October 2, September 30, October 2,
(in thousands, except per share amounts) 2012 2011 2012 2011
Income from continuing operations attributable to The             
 Washington Post Company common stockholders $ 44,742 $ 12,580 $ 93,480 $ 83,281
Less: Amount attributable to participating securities   (888)   (190)   (1,830)   (835)
Basic income from continuing operations attributable to            
 The Washington Post Company common stockholders $ 43,854 $ 12,390 $ 91,650 $ 82,446
               
Plus: Amount attributable to participating securities   888   190   1,830   835
Diluted income from continuing operations attributable to            
 The Washington Post Company common stockholders $ 44,742 $ 12,580 $ 93,480 $ 83,281
               
Basic weighted average shares outstanding   7,272   7,802   7,405   7,900
Plus: Effect of dilutive shares related to stock options and restricted stock   104   81   103   79
Diluted weighted average shares outstanding   7,376   7,883   7,508   7,979
               
Income Per Share from Continuing Operations Attributable            
 to The Washington Post Company Common Stockholders:            
  Basic $ 6.03 $ 1.59 $ 12.38 $ 10.44
  Diluted $ 6.03 $ 1.59 $ 12.38 $ 10.44

For the three and nine months ended September 30, 2012, the basic earnings per share computed under the two-class method is lower than the diluted earnings per share computed under the if-converted method for participating securities, resulting in the presentation of the lower amount in diluted earnings per share. The diluted earnings per share amounts for the three and nine months ended September 30, 2012 exclude the effects of 123,494 and 111,994 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and nine months ended September 30, 2012 exclude the effects of 42,500 restricted stock awards, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the three and nine months ended October 2, 2011 exclude the effects of 137,544 and 101,794 stock options outstanding, respectively, as their inclusion would have been antidilutive.

 

In the three and nine months ended September 30, 2012, the Company declared regular dividends totaling $2.45 and $9.80 per share, respectively. In the three and nine months ended October 2, 2011, the Company declared regular dividends totaling $2.35 and $9.40 per share, respectively.