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Earnings (Loss) Per Share (Tables)
 6 Months Ended
Jun. 30, 2020
Earnings Per Share [Abstract]  
Summary of Earnings (Loss) Per Share, Basic and Diluted
The following reflects the Company’s net income (loss) and share data used in the basic and diluted earnings (loss) per share computations using the two-class method:
Three Months Ended 
 June 30		Six Months Ended 
 June 30
(in thousands, except per share amounts)2020201920202019
Numerator:
Numerator for basic earnings (loss) per share:        
Net income (loss) attributable to Graham Holdings Company common stockholders
$18,854  $57,081  $(14,391) $138,829  
Less: Dividends paid-common stock outstanding and unvested restricted shares
(7,581) (7,388) (22,870) (22,167) 
Undistributed earnings (loss)11,273  49,693  (37,261) 116,662  
Percent allocated to common stockholders (1)
99.44 %99.43 %100.00 %99.43 %
11,210  49,410  (37,261) 115,997  
Add: Dividends paid-common stock outstanding7,539  7,346  22,745  22,041  
Numerator for basic earnings (loss) per share$18,749  $56,756  $(14,516) $138,038  
Add: Additional undistributed earnings due to dilutive stock options
—  2  —  5  
Numerator for diluted earnings (loss) per share$18,749  $56,758  $(14,516) $138,043  
Denominator:    
Denominator for basic earnings (loss) per share:
Weighted average shares outstanding5,196  5,285  5,235  5,285  
Add: Effect of dilutive stock options5  44  —  43  
Denominator for diluted earnings (loss) per share5,201  5,329  5,235  5,328  
Graham Holdings Company Common Stockholders:        
Basic earnings (loss) per share
$3.61  $10.74  $(2.77) $26.12  
Diluted earnings (loss) per share
$3.60  $10.65  $(2.77) $25.91  
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(1) Percent of undistributed losses allocated to common stockholders is 100% in the first six months of 2020 as participating securities are not contractually obligated to share in losses.
Antidilutive Weighted Average Restricted Stock and Options
Diluted earnings (loss) 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 
 June 30		Six Months Ended 
 June 30
(in thousands)2020201920202019
Weighted average restricted stock10  12  10  11  
Weighted average stock options—  —  17  —