Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v3.4.0.3
Earnings Per Share (Note)
 3 Months Ended
Mar. 31, 2016
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 March 31,
 
2016
 
2015
 


 


Net income
$28,585
 
$33,689
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
Basic
52,378

 
52,573

Dilutive effect of stock-based compensation awards
541

 
1,187

Diluted
52,919

 
53,760

 
 
 
 
Net income per share:
 
 
 
Basic
$
0.55

 
$
0.64

Diluted
$
0.54

 
$
0.63

 
 
 
 
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
1,919

 
527