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)

9 Months Ended

Sep. 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 September 30,				Nine Months Ended September 30,
	2015		2014		2015		2014

Net income	$34,208		$39,531		$109,529		$104,653

Weighted average number of shares outstanding:
Basic	52,736		52,420		52,658		52,829
Dilutive effect of stock-based compensation awards	759		826		979		887
Diluted	53,495		53,246		53,637		53,716

Net income per share:
Basic	$	0.65	$	0.75	$	2.08	$	1.98
Diluted	$	0.64	$	0.74	$	2.04	$	1.95

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	557		790		544		792