Computation Of Earnings Per Common Share

6 Months Ended

Dec. 31, 2011

Computation Of Earnings Per Common Share [Abstract]

Computation Of Earnings Per Common Share

Note 3. Computation of Earnings per Common Share

Basic earnings per common share ("EPS") is based upon net income available to common stockholders divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the effect of the assumed exercise of stock options and vesting of restricted shares, restricted stock units ("RSUs") and shares restricted on the same basis as underlying Cablevision restricted shares only in the periods in which such effect would have been dilutive.

The following table presents a reconciliation of weighted-average shares used in the calculation of basic and diluted EPS.

	Three Months Ended December 31,				Six Months Ended December 31,
	2011		2010		2011		2010
Weighted-average shares for basic EPS		74,632		74,033		74,573		74,021
Dilutive effect of shares issuable under share-based compensation plans and shares restricted on the same basis as underlying Cablevision restricted shares		2,747		3,010		2,710		2,906
Weighted-average shares for diluted EPS		77,379		77,043		77,283		76,927

The calculation of diluted EPS for the three and six months ended December 31, 2010 does not include 29 shares because the effect of their inclusion would have been anti-dilutive. There were no anti-dilutive shares during the three and six months ended December 31, 2011.