Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Note)

v3.7.0.1
Earnings Per Share (Note)
 6 Months Ended
Jun. 30, 2017
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 June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Net income
$32,774
 
$26,445
 
$54,021
 
$55,030
 
 
 
 
 
 
 
 
Weighted average number of shares outstanding:
 
 
 
 
 
 
 
Basic
52,495

 
52,394

 
52,464

 
52,386

Dilutive effect of stock-based compensation awards
280

 
547

 
334

 
544

Diluted
52,775

 
52,941

 
52,798

 
52,930

 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
Basic
$
0.62

 
$
0.50

 
$
1.03

 
$
1.05

Diluted
$
0.62

 
$
0.50

 
$
1.02

 
$
1.04

 
 
 
 
 
 
 
 
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
3,755

 
1,849

 
3,784

 
1,884