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Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2015
Stockholders' Equity Note [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 (loss) 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)
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Numerator for basic (loss) earnings per share:
  
 
  
 
  
 
  
(Loss) income from continuing operations attributable to Graham Holdings Company common stockholders
$
(231,222
)
 
$
10,142

 
$
(194,625
)
 
$
459,378

Less: Dividends-common stock outstanding and unvested restricted shares
(6,736
)
 
(14,773
)
 
(53,090
)
 
(67,267
)
Undistributed (loss) earnings
(237,958
)
 
(4,631
)
 
(247,715
)
 
392,111

Percent allocated to common stockholders(1)
100.00
%
 
100.00
%
 
100.00
%
 
97.89
%
 
(237,958
)
 
(4,631
)
 
(247,715
)
 
383,842

Add: Dividends-common stock outstanding
6,621

 
14,462

 
52,180

 
66,021

Numerator for basic (loss) earnings per share
$
(231,337
)
 
$
9,831

 
$
(195,535
)
 
$
449,863

Add: Additional undistributed earnings due to dilutive stock options
—

 
—

 
—

 
36

Numerator for diluted (loss) earnings per share
$
(231,337
)
 
$
9,831

 
$
(195,535
)
 
$
449,899

Denominator:
  

 
  

 
 
 
 
Denominator for basic (loss) earnings per share:


 


 


 


Weighted average shares outstanding
5,738

 
5,671

 
5,721

 
6,737

Add: Effect of dilutive stock options
—

 
25

 
—

 
25

Denominator for diluted (loss) earnings per share
5,738

 
5,696

 
5,721

 
6,762

Graham Holdings Company Common Stockholders:
  
 
  
 
  
 
  
Basic (loss) earnings per share from continuing operations
$
(40.32
)
 
$
1.73

 
$
(34.18
)
 
$
66.77

Diluted (loss) earnings per share from continuing operations
$
(40.32
)
 
$
1.73

 
$
(34.18
)
 
$
66.52


____________
(1)
Percent of undistributed losses allocated to common stockholders is 100% in the third quarter of 2015 and 2014 and first nine months of 2015 as participating securities are not contractually obligated to share in losses.
Antidilutive Weighted Average Restricted Stock
Diluted (loss) 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)
2015
 
2014
 
2015
 
2014
Weighted average restricted stock
50

 
61

 
53

 
61

Weighted average stock options
49

 
—

 
37

 
—