The following table presents HSNi’s basic and diluted earnings per share (in thousands, except per share data):
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Year Ended December 31, |
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|
2012 |
|
2011 |
|
2010 |
Net income |
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|
|
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Continuing operations |
|
$ |
136,497 |
|
|
$ |
127,652 |
|
|
$ |
100,441 |
|
Discontinued operations |
|
(5,822 |
) |
|
(4,582 |
) |
|
(1,918 |
) |
Net income |
|
$ |
130,675 |
|
|
$ |
123,070 |
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|
$ |
98,523 |
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Weighted average number of shares outstanding: |
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Basic |
|
56,314 |
|
|
58,636 |
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|
57,414 |
|
Dilutive effect of stock-based compensation awards |
|
1,642 |
|
|
2,053 |
|
|
2,132 |
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Diluted |
|
57,956 |
|
|
60,689 |
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|
59,546 |
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Net income (loss) per share - basic: |
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Continuing operations |
|
$ |
2.42 |
|
|
$ |
2.18 |
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|
$ |
1.75 |
|
Discontinued operations |
|
(0.10 |
) |
|
(0.08 |
) |
|
(0.03 |
) |
Net income |
|
$ |
2.32 |
|
|
$ |
2.10 |
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|
$ |
1.72 |
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Net income (loss) per share - diluted: |
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|
|
|
|
Continuing operations |
|
2.36 |
|
|
2.10 |
|
|
1.69 |
|
Discontinued operations |
|
$ |
(0.11 |
) |
|
$ |
(0.07 |
) |
|
$ |
(0.04 |
) |
Net income |
|
$ |
2.25 |
|
|
$ |
2.03 |
|
|
$ |
1.65 |
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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 |
|
1,276 |
|
|
911 |
|
|
1,632 |
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