Earnings per Share

3 Months Ended

Mar. 31, 2017

3.Earnings per Share

Basic earnings per share (“EPS”) is calculated by dividing net income attributable to SNI by the weighted average number of common shares outstanding, including participating securities outstanding. Diluted EPS is similar to basic EPS, but adjusts for the effect of the potential issuance of common shares. We include all unvested share-based awards that contain non-forfeitable rights to dividends or dividend equivalents, whether paid or unpaid, in the calculation of both basic and diluted EPS.

The following table presents information about basic and diluted weighted average shares outstanding:

	Three months ended March 31,
( in thousands )	2017		2016
Basic weighted average shares outstanding		129,921		129,295
Effect of dilutive securities:
Unvested share units and shares held by employees		278		208
Stock options held by employees and directors		544		287
Diluted weighted average shares outstanding		130,743		129,790
Anti-dilutive share awards		279		1,711

For the three months ended March 31, 2017 and March 31, 2016, the anti-dilutive share-based awards were not included in the computation of diluted weighted average shares outstanding.