Earnings per Share

3 Months Ended

Mar. 31, 2013

Earnings per Share

Earnings per Share

Note 3. Earnings per Share

We present both basic earnings per share (“EPS”) and diluted EPS.  Basic EPS excludes potential dilution and is computed by dividing “Net income attributable to EchoStar” by the weighted-average number of common shares outstanding for the period.  Diluted EPS reflects the potential dilution that could occur if stock awards were exercised.  The potential dilution from stock awards was computed using the treasury stock method based on the average market value of our Class A common stock during the period.  As of March 31, 2013 and 2012, the calculation of our diluted weighted-average common shares outstanding excluded (i) 2.1 million and 4.4 million shares, respectively, underlying options to purchase shares of our Class A common stock as their effect is anti-dilutive and (ii) 0.7 million and 0.7 million shares, respectively, of our Class A common stock that are contingently issuable based upon meeting a company-specific goal, which was not achieved as of March 31, 2013, by March 31, 2015 pursuant to our performance-based stock incentive plan.

The following table presents basic and diluted EPS amounts for all periods and the corresponding weighted-average shares outstanding used in the calculations.

	For the Three Months Ended March 31,
	2013		2012
	(In thousands, except per share amounts)
Net income attributable to EchoStar	$	3,458	$	126,588
Weighted-average common shares outstanding - Class A and B common stock:
Basic	88,178		86,684
Dilutive impact of stock awards outstanding	1,422		642
Diluted	89,600		87,326
Earnings per share - Class A and B common stock:
Basic	$	0.04	$	1.46
Diluted	$	0.04	$	1.45