Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Summary of Earnings Per Share, Basic and Diluted

The following reflects the Company’s net income 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)	2017			2016			2017			2016
Numerator:
Numerator for basic earnings per share:
Net income attributable to Graham Holdings Company common stockholders	$	24,784		$	33,126		$	87,866		$	131,672
Less: Dividends paid-common stock outstanding and unvested restricted shares	(7,047		)	(6,796		)	(28,329		)	(27,329		)
Undistributed earnings	17,737			26,330			59,537			104,343
Percent allocated to common stockholders	99.07		%	98.70		%	99.07		%	98.70		%
	17,572			25,987			58,981			102,987
Add: Dividends paid-common stock outstanding	6,981			6,708			28,066			26,976
Numerator for basic earnings per share	$	24,553		$	32,695		$	87,047		$	129,963
Add: Additional undistributed earnings due to dilutive stock options	1			2			4			7
Numerator for diluted earnings per share	$	24,554		$	32,697		$	87,051		$	129,970
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	5,518			5,544			5,530			5,570
Add: Effect of dilutive stock options	36			30			37			30
Denominator for diluted earnings per share	5,554			5,574			5,567			5,600
Graham Holdings Company Common Stockholders:
Basic earnings per share	$	4.45		$	5.90		$	15.74		$	23.33
Diluted earnings per share	$	4.42		$	5.87		$	15.64		$	23.21

Antidilutive Weighted Average Restricted Stock and Options

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)	2017	2016	2017	2016
Weighted average restricted stock	30	42	29	40