QVC Group, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

Earnings Per Share (Note)

6 Months Ended

Jun. 30, 2015

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,
	2015		2014		2015		2014

Net income	$41,632		$40,940		$75,321		$65,122

Weighted average number of shares outstanding:
Basic	52,683		52,916		52,628		53,037
Dilutive effect of stock-based compensation awards	992		829		1,090		917
Diluted	53,675		53,745		53,718		53,954

Net income per share:
Basic	$	0.79	$	0.77	$	1.43	$	1.23
Diluted	$	0.78	$	0.76	$	1.40	$	1.21

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	550		842		538		794