NET INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

6 Months Ended

Jun. 30, 2013

NET INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS [Abstract]

NET INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

NOTE 4. NET INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

Cablevision

Basic net income per common share attributable to Cablevision stockholders is computed by dividing net income attributable to Cablevision stockholders by the weighted average number of common shares outstanding during the period.  Diluted net income per common share attributable to Cablevision stockholders reflects the dilutive effects of stock options and restricted stock (including shares held by AMC Networks, Inc. ("AMC Networks") and The Madison Square Garden Company ("Madison Square Garden") employees).

A reconciliation of the denominator of the basic and diluted net income per share attributable to Cablevision stockholders calculation for the three and six months ended June 30, 2013 and 2012 is as follows:

	Three Months		Six Months		Three Months		Six Months
	Ended June 30, 2013				Ended June 30, 2012
	(in thousands)
Basic weighted average shares outstanding		260,614		260,060		263,428		265,423
Effect of dilution:
Stock options		2,661		2,425		2,568		2,735
Restricted stock awards		1,553		1,949		1,486		2,602
Diluted weighted average shares outstanding		264,828		264,434		267,482		270,760

For the three and six months ended June 30, 2013, anti-dilutive shares totaling approximately 2,205,000 and 1,523,000 shares (which include Company options held by AMC Networks and Madison Square Garden employees), respectively, have been excluded from diluted weighted average shares outstanding.  Approximately 1,340,400 restricted shares for the three and six months ended June 30, 2013 have also been excluded from the diluted weighted average shares outstanding as the performance criteria on these awards had not yet been satisfied.

For the three and six months ended June 30, 2012, anti-dilutive shares totaling approximately 3,482,000 and 1,256,000 shares (which include Company options held by AMC Networks and Madison Square Garden employees), respectively, have been excluded from diluted weighted average shares outstanding.  Approximately 756,400 restricted shares and approximately 12,354,000 options for the three and six months ended June 30, 2012 have also been excluded from the diluted weighted average shares outstanding for the respective periods, as the performance criteria on these awards were not satisfied during those periods.

CSC Holdings

Net income per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Cablevision.