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Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2019
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 
 March 31
(in thousands, except per share amounts)
2019
 
2018
Numerator:
 
 
 
Numerator for basic earnings per share:
  
 
  
Net income attributable to Graham Holdings Company common stockholders
$
81,748

 
$
42,891

Less: Dividends paid-common stock outstanding and unvested restricted shares
(14,779
)
 
(14,638
)
Undistributed earnings
66,969

 
28,253

Percent allocated to common stockholders
99.43
%
 
99.30
%
 
66,588

 
28,057

Add: Dividends paid-common stock outstanding
14,695

 
14,539

Numerator for basic earnings per share
$
81,283

 
$
42,596

Add: Additional undistributed earnings due to dilutive stock options
3

 
1

Numerator for diluted earnings per share
$
81,286

 
$
42,597

Denominator:
 
 
 
Denominator for basic earnings per share:


 


Weighted average shares outstanding
5,284

 
5,436

Add: Effect of dilutive stock options
42

 
37

Denominator for diluted earnings per share
5,326

 
5,473

Graham Holdings Company Common Stockholders:
  
 
  
Basic earnings per share
$
15.38

 
$
7.84

Diluted earnings per share
$
15.26

 
$
7.78
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 
 March 31
(in thousands)
2019
 
2018
Weighted average restricted stock
10

 
28