Basic and Diluted Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2020

Basic and Diluted Net Income (Loss) Per Share

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				For the Six Months Ended
	June 30,				June 30,
	2020		2019		2020		2019
	(In thousands, except per share amounts)
Net income (loss)	$	480,406	$	340,566	$	579,680	$	701,865
Less: Net income (loss) attributable to noncontrolling interests, net of tax		28,063		23,523		54,238		45,061
Net income (loss) attributable to DISH Network - Basic		452,343		317,043		525,442		656,804
Interest on dilutive Convertible Notes, net of tax (1)		—		—		—		—
Net income (loss) attributable to DISH Network - Diluted	$	452,343	$	317,043	$	525,442	$	656,804
Weighted-average common shares outstanding - Class A and B common stock:
Basic (2)		524,292		469,655		523,722		468,809
Dilutive impact of Convertible Notes		58,192		58,192		58,192		58,192
Dilutive impact of stock awards outstanding		135		136		157		106
Diluted		582,619		527,983		582,071		527,107
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	0.86	$	0.68	$	1.00	$	1.40
Diluted net income (loss) per share attributable to DISH Network	$	0.78	$	0.60	$	0.90	$	1.25

(1) For both the three and six months ended June 30, 2020 and 2019, materially all of our interest expense was capitalized. See Note 2 for further information.

(2) The increase resulted from the Master Transaction Agreement, as discussed in Note 13, and the stock rights offering as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2019.

Schedule of dilutive securities not included in the diluted EPS calculation

	As of June 30,
	2020	2019
	(In thousands)
Anti-dilutive stock awards	6,570	5,115
Performance based options (1)	6,618	8,582
Restricted Performance Units/Awards (1)	1,146	1,589
Common stock warrants	46,029	46,029
Total	60,363	61,315

(1) The decrease primarily resulted from certain performance based options and Restricted Performance Units/Awards that vested during the three months ended June 30, 2020.