Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share

NOTE 7—EARNINGS PER SHARE

HSNi computes basic earnings per share using the weighted average number of common shares outstanding for the period. HSNi computes diluted earnings per share using the treasury stock method which includes the weighted average number of common shares outstanding for the period plus the potential dilution that could occur if various equity awards to issue common stock were exercised or restricted equity awards were vested resulting in the issuance of common stock that could share in HSNi's earnings.

The following table presents HSNi's basic and diluted earnings per share (in thousands, except per share data):

 

     Three Months Ended
March 31,		  
     2012     2011  

Net income (loss):

     

Continuing operations

    $ 26,293      $ 20,372   

Discontinued operations

      (123 )      (91 ) 
  

 

 

    

 

 

  

Net income

    $ 26,170      $ 20,281   
  

 

 

    

 

 

  

Weighted average number of shares outstanding:

     

Basic

      58,310        58,214   

Dilutive effect of non-cash compensation awards

      1,743        2,124   
  

 

 

    

 

 

  

Diluted

      60,053        60,338   
  

 

 

    

 

 

  

Net income (loss) per share - basic:

     

Continuing operations

    $ 0.45      $ 0.35   

Discontinued operations

      0.00        0.00   
  

 

 

    

 

 

  

Net income

    $ 0.45      $ 0.35   
  

 

 

    

 

 

  

Net income (loss) per share - diluted:

     

Continuing operations

    $ 0.44      $ 0.34   

Discontinued operations

      0.00        0.00   
  

 

 

    

 

 

  

Net income

    $ 0.44      $ 0.34   
  

 

 

    

 

 

  

Unexercised employee stock options and stock appreciation rights and unvested restricted stock units excluded from the diluted EPS calculation because their effect would have been antidilutive

      939        1,401