Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v2.4.0.8
Earnings Per Share (Note)
 6 Months Ended
Jun. 30, 2014
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 June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Net income:
 
 
 
 


 


Continuing operations
$
40,940

 
$
43,271

 
$
65,122

 
$
74,824

Discontinued operations
—

 
9

 
—

 
—

Net income
$
40,940

 
$
43,280

 
$
65,122

 
$
74,824

 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
Basic
52,916

 
53,541

 
53,037

 
54,161

Dilutive effect of stock-based compensation awards
829

 
1,187

 
917

 
1,339

Diluted
53,745

 
54,728

 
53,954

 
55,500

 
 
 
 
 
 
 
 
Net income per share - basic:
 
 
 
 
 
 
 
Continuing operations
$
0.77

 
$
0.81

 
$
1.23

 
$
1.38

Discontinued operations
—

 
—

 
—

 
—

Net income
$
0.77

 
$
0.81

 
$
1.23

 
$
1.38

 
 
 
 
 
 
 
 
Net income per share - diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.76

 
$
0.79

 
$
1.21

 
$
1.35

Discontinued operations
—

 
—

 
—

 
—

Net income
$
0.76

 
$
0.79

 
$
1.21

 
$
1.35

 
 
 
 
 
 
 
 
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
842

 
350

 
794

 
432