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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Summary of Earnings Per Share from Continuing Operations, Basic and Diluted
The following reflects the Company's income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method:
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(in thousands, except per share amounts)
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Numerator for basic earnings per share:
  
 
  
 
  
 
  
Income from continuing operations attributable to Graham Holdings Company common stockholders
$
83,331

 
$
54,132

 
$
588,645

 
$
121,857

Less: Dividends-common stock outstanding and unvested restricted shares
(14,773
)
 
—

 
(67,267
)
 
—

Undistributed earnings
68,558

 
54,132

 
521,378

 
121,857

Percent allocated to common stockholders
97.89
%
 
97.42
%
 
97.89
%
 
97.42
%
 
67,112

 
52,736

 
510,384

 
118,714

Add: Dividends-common stock outstanding
14,462

 
—

 
66,021

 
—

Numerator for basic earnings per share
$
81,574

 
$
52,736

 
$
576,405

 
$
118,714

Add: Additional undistributed earnings due to dilutive stock options
6

 
3

 
48

 
4

Numerator for diluted earnings per share
$
81,580

 
$
52,739

 
$
576,453

 
$
118,718

Denominator:
  

 
  

 
 
 
 
Denominator for basic earnings per share:


 


 


 


Weighted average shares outstanding
5,671

 
7,231

 
6,737

 
7,229

Add: Effect of dilutive stock options
25

 
15

 
25

 
8

Denominator for diluted earnings per share
5,696

 
7,246

 
6,762

 
7,237

Graham Holdings Company Common Stockholders:
  
 
  
 
  
 
  
Basic earnings per share from continuing operations
$
14.38

 
$
7.29

 
$
85.55

 
$
16.42

Diluted earnings per share from continuing operations
$
14.32

 
$
7.28

 
$
85.24

 
$
16.41
Antidilutive Weighted Average Restricted Stock
Diluted earnings per share excludes the following weighted average potential common shares, as the effect would be antidilutive, as computed under the treasury stock method:
 
Three Months Ended 
 September 30
 
Nine Months Ended 
 September 30
(in thousands)
2014
 
2013
 
2014
 
2013
Weighted average restricted stock
61

 
91

 
61

 
79