Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v2.4.0.8
Earnings Per Share (Note)
 9 Months Ended
Sep. 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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 


 


Net income
$
39,531

 
$
42,052

 
$
104,653

 
$
116,876

 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
Basic
52,420

 
53,234

 
52,829

 
53,849

Dilutive effect of stock-based compensation awards
826

 
1,145

 
887

 
1,274

Diluted
53,246

 
54,379

 
53,716

 
55,123

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
$
0.75

 
$
0.79

 
$
1.98

 
$
2.17

Diluted
$
0.74

 
$
0.77

 
$
1.95

 
$
2.12

 
 
 
 
 
 
 
 
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
790

 
431

 
792

 
432