3.Basic and Diluted Net Income (Loss) Per Share

We present both basic earnings per share (“EPS”) and diluted EPS. Basic EPS excludes potential dilution and is computed by dividing “Net income (loss) attributable to DISH Network” by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that could occur if stock awards were exercised and if our 3 3/8% Convertible Notes due 2026 (the “Convertible Notes due 2026”) issued August 8, 2016 were converted. The potential dilution from stock awards is accounted for using the treasury stock method based on the average market value of our Class A common stock. The potential dilution from conversion of the Convertible Notes due 2026 is accounted for using the if-converted method, which requires that all of the shares of our Class A common stock issuable upon conversion of the Convertible Notes due 2026 will be included in the calculation of diluted EPS assuming conversion of the Convertible Notes due 2026 at the beginning of the reporting period (or at time of issuance, if later). The following table presents EPS amounts for all periods and the basic and diluted weighted-average shares outstanding used in the calculation.


	For the Years Ended December 31,
	2016		2015		2014
		(In thousands, except per share amounts)
Net income (loss)	$	1,469,454	$	769,276	$	928,902
Less: Net income (loss) attributable to noncontrolling interests, net of tax		19,601		22,184		(15,791)
Net income (loss) attributable to DISH Network - Basic		1,449,853		747,092		944,693
Interest on dilutive 3 3/8% Convertible Notes due 2026, net of tax		27,515		—		—
Net income (loss) attributable to DISH Network - Diluted	$	1,477,368	$	747,092	$	944,693

Weighted-average common shares outstanding - Class A and B common stock:
Basic		464,807		462,995		460,126
Dilutive impact of 3 3/8% Convertible Notes due 2026		18,361		—		—
Dilutive impact of stock awards outstanding		994		1,702		2,801
Diluted		484,162		464,697		462,927

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	3.12	$	1.61	$	2.05
Diluted net income (loss) per share attributable to DISH Network	$	3.05	$	1.61	$	2.04

Certain stock awards to acquire our Class A common stock are not included in the weighted-average common shares outstanding above, as their effect is anti-dilutive. In addition, vesting of performance based options and rights to acquire shares of our Class A common stock granted pursuant to our performance based stock incentive plans (“Restricted Performance Units”) are both contingent upon meeting certain goals, some of which are not yet probable of being achieved. Furthermore, the warrants that we issued to certain option counterparties in connection with the Convertible Notes due 2026 are only exercisable at their expiration if the market price per share of our Class A common stock is greater than the strike price of the warrants, which is approximately $86.08 per share, subject to adjustments. As a consequence, the following are not included in the diluted EPS calculation.


	As of December 31,
	2016	2015	2014
	(In thousands)
Anti-dilutive stock awards	1,870	712	447
Performance based options (1)	4,312	3,905	7,247
Restricted Performance Units (1)	1,336	1,382	1,798
Common stock warrants	46,029	-	-
Total	53,547	5,999	9,492

(1)

The decrease in performance based options and Restricted Performance Units as of December 31, 2015 primarily resulted from the expiration of the 2005 LTIP in March 2015. See Note 13 for further information.