INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

NOTE 4. INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

Cablevision

Basic 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 income per common share attributable to Cablevision stockholders reflects the dilutive effects of stock options, restricted stock and restricted stock units. 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 Cablevision stockholders for the three months ended March 31, 2015 and 2014:

	2015	2014
	(in thousands)
Basic weighted average shares outstanding	267,919	262,328
Effect of dilution:
Stock options	2,703	3,404
Restricted stock	3,748	2,492
Diluted weighted average shares outstanding	274,370	268,224

For the three months ended March 31, 2015, anti-dilutive shares totaling approximately 2,678,000 shares, have been excluded from diluted weighted average shares outstanding.  Approximately 630,000 restricted shares and 1,817,000 performance based restricted stock units for the three months ended March 31, 2015 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 months ended March 31, 2014, anti-dilutive shares totaling approximately 722,000 shares have been excluded from diluted weighted average shares outstanding.  Approximately 1,872,000 restricted shares for the three months ended March 31, 2014 have also been excluded from the diluted weighted average shares outstanding as the performance criteria on these awards had not yet been satisfied.

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.