Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v3.5.0.2
Earnings Per Share (Note)
 9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2016
 
2015
 
2016
 
2015
 
 
 
 
 


 


Net income
$20,158
 
$34,208
 
$75,188
 
$109,529
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
Basic
52,356

 
52,736

 
52,376

 
52,658

Dilutive effect of stock-based compensation awards
488

 
759

 
525

 
979

Diluted
52,844

 
53,495

 
52,901

 
53,637

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
$
0.39

 
$
0.65

 
$
1.44

 
$
2.08

Diluted
$
0.38

 
$
0.64

 
$
1.42

 
$
2.04

 
 
 
 
 
 
 
 
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
2,121

 
557

 
1,963

 
544