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 issued August 8, 2016 (the “Convertible Notes due 2026”) and our 2 3/8% Convertible Notes due 2024 issued March 17, 2017 (the “Convertible Notes due 2024,” and collectively with the Convertible Notes due 2026, the “Convertible Notes”) 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 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 will be included in the calculation of diluted EPS assuming conversion of the Convertible Notes 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 Three Months Ended
	March 31,
	2018		2017
	(In thousands, except per share amounts)
Net income (loss)	$	385,321	$	390,075
Less: Net income (loss) attributable to noncontrolling interests, net of tax		17,761		14,360
Net income (loss) attributable to DISH Network - Basic		367,560		375,715
Interest on dilutive Convertible Notes, net of tax (1)		—		17,119
Net income (loss) attributable to DISH Network - Diluted	$	367,560	$	392,834

Weighted-average common shares outstanding - Class A and B common stock:
Basic		466,642		465,412
Dilutive impact of Convertible Notes		58,192		48,056
Dilutive impact of stock awards outstanding		475		975
Diluted		525,309		514,443

Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	0.79	$	0.81
Diluted net income (loss) per share attributable to DISH Network	$	0.70	$	0.76

(1)

For the three months ended March 31, 2018, materially all of our interest expense was capitalized. See Note 2 for further information.

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 March 31,
	2018	2017
	(In thousands)
Anti-dilutive stock awards	3,572	1,491
Performance based options	4,804	6,489
Restricted Performance Units/Awards	2,061	1,318
Common stock warrants	46,029	46,029
Total	56,466	55,327