| Basic And Diluted Earnings Per Share |
The following
table presents HSNi’s basic and diluted earnings per share
(in thousands, except per share data):
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Three Months Ended
September 30, |
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Nine Months Ended
September 30, |
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2012 |
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2011 |
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2012 |
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2011 |
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Net income
(loss):
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Continuing
operations
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$ |
17,558 |
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$ |
25,628 |
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$ |
80,457 |
|
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$ |
79,485 |
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Discontinued
operations
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|
128 |
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(1,324 |
) |
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(5,854 |
) |
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(2,934 |
) |
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Net income
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$ |
17,686 |
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$ |
24,304 |
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$ |
74,603 |
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$ |
76,551 |
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Weighted average number
of shares outstanding:
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Basic
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55,476 |
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|
58,854 |
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|
56,913 |
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|
58,574 |
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Dilutive effect of non-cash
compensation awards
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|
1,609 |
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|
1,959 |
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|
1,611 |
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|
2,072 |
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Diluted
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57,085 |
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|
60,813 |
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|
58,524 |
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|
60,646 |
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Net income (loss) per
share - basic:
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Continuing
operations
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$ |
0.32 |
|
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$ |
0.44 |
|
|
$ |
1.41 |
|
|
$ |
1.36 |
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Discontinued
operations
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|
0.00 |
|
|
|
(0.03 |
) |
|
|
(0.10 |
) |
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(0.05 |
) |
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Net income
|
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$ |
0.32 |
|
|
$ |
0.41 |
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$ |
1.31 |
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$ |
1.31 |
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Net income (loss) per
share - diluted:
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Continuing
operations
|
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$ |
0.31 |
|
|
$ |
0.42 |
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$ |
1.37 |
|
|
$ |
1.31 |
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Discontinued
operations
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|
0.00 |
|
|
|
(0.02 |
) |
|
|
(0.10 |
) |
|
|
(0.05 |
) |
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Net income
|
|
$ |
0.31 |
|
|
$ |
0.40 |
|
|
$ |
1.27 |
|
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$ |
1.26 |
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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
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|
731 |
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|
1,207 |
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|
807 |
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|
1,272 |
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