Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v2.4.0.6
Earnings Per Share (Note)
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
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,
 
 
2013
 
2012
Net income (loss):
 


 


Continuing operations
 
$
31,553

 
$
27,288

Discontinued operations
 
(9
)
 
(1,118
)
Net income
 
$
31,544

 
$
26,170

 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
Basic
 
54,787

 
58,310

Dilutive effect of stock-based compensation awards
 
1,491

 
1,743

Diluted
 
56,278

 
60,053

 
 
 
 
 
Net income (loss) per share - basic:
 
 
 
 
Continuing operations
 
$
0.58

 
$
0.47

Discontinued operations
 
—

 
(0.02
)
Net income
 
$
0.58

 
$
0.45

 
 
 
 
 
Net income (loss) per share - diluted:
 
 
 
 
Continuing operations
 
0.56

 
0.45

Discontinued operations
 
$
—

 
$
(0.01
)
Net income
 
$
0.56

 
$
0.44

 
 
 
 
 
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
 
515

 
939