| 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 June 30, |
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Six Months Ended June 30, |
|
2013 |
|
2012 |
|
2013 |
|
2012 |
Net income (loss): |
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Continuing operations |
$ |
43,271 |
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|
$ |
35,611 |
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|
$ |
74,824 |
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|
$ |
62,899 |
|
Discontinued operations |
9 |
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|
(4,864 |
) |
|
— |
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|
(5,982 |
) |
Net income |
$ |
43,280 |
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|
$ |
30,747 |
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|
$ |
74,824 |
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$ |
56,917 |
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Weighted average number of shares outstanding: |
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Basic |
53,541 |
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|
56,970 |
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|
54,161 |
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|
57,640 |
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Dilutive effect of stock-based compensation awards |
1,187 |
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|
1,480 |
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|
1,339 |
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|
1,611 |
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Diluted |
54,728 |
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|
58,450 |
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|
55,500 |
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|
59,251 |
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Net income (loss) per share - basic: |
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Continuing operations |
$ |
0.81 |
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$ |
0.63 |
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$ |
1.38 |
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$ |
1.09 |
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Discontinued operations |
— |
|
|
(0.09 |
) |
|
— |
|
|
(0.10 |
) |
Net income |
$ |
0.81 |
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|
$ |
0.54 |
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$ |
1.38 |
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$ |
0.99 |
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Net income (loss) per share - diluted: |
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Continuing operations |
$ |
0.79 |
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$ |
0.61 |
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$ |
1.35 |
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$ |
1.06 |
|
Discontinued operations |
— |
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|
(0.08 |
) |
|
— |
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|
(0.10 |
) |
Net income |
$ |
0.79 |
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|
$ |
0.53 |
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$ |
1.35 |
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$ |
0.96 |
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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 |
350 |
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|
751 |
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|
432 |
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|
845 |
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