Earnings Per Share

6 Months Ended

Jun. 30, 2020

NET INCOME PER SHARE

Basic net income per common share attributable to Altice USA stockholders is computed by dividing net income attributable to Altice USA stockholders by the weighted average number of common shares outstanding during the period. Diluted income per common share attributable to Altice USA stockholders reflects the dilutive effects of stock options and restricted stock. For such awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted income per share attributable to Altice USA stockholders for the three and six months ended June 30, 2020 and 2019:


	Three Months Ended June 30, 2020	Six Months Ended June 30, 2020	Three Months Ended June 30, 2019	Six Months Ended June 30, 2019

	(in thousands)
Basic weighted average shares outstanding	587,587	604,500	668,031	681,703
Effect of dilution:
Stock options	1,857	2,079	566	285
Restricted stock	22	18	51	26
Diluted weighted average shares outstanding	589,466	606,597	668,648	682,014

Weighted average shares excluded from diluted weighted average shares outstanding:
Anti-dilutive shares	28,514	24,362	1,292	6,350
Performance stock units and restricted stock whose performance metrics have not been achieved.	8,943	7,758	—	—

Net income (loss) per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Altice USA.