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

3 Months Ended

Mar. 31, 2021

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
	March 31,
	2021		2020
	(In thousands, except per share amounts)
Net income (loss)	$	641,563	$	99,274
Less: Net income (loss) attributable to noncontrolling interests, net of tax		11,339		26,175
Net income (loss) attributable to DISH Network - Basic		630,224		73,099
Interest on dilutive Convertible Notes, net of tax (1)		—		—
Net income (loss) attributable to DISH Network - Diluted	$	630,224	$	73,099
Weighted-average common shares outstanding - Class A and B common stock:
Basic		526,570		523,152
Dilutive impact of Convertible Notes (2)		107,016		58,192
Dilutive impact of stock awards outstanding		174		37
Diluted		633,760		581,381
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	1.20	$	0.14
Diluted net income (loss) per share attributable to DISH Network	$	0.99	$	0.13

(1) For both the three months ended March 31, 2021 and 2020, materially all of our interest expense was capitalized. See Note 2 for further information.

(2) The increase resulted from the issuance of our 0% Convertible Notes due 2025 on December 21, 2020.

Schedule of dilutive securities not included in the diluted EPS calculation

	As of March 31,
	2021	2020
	(In thousands)
Anti-dilutive stock awards	9,286	6,535
Performance based options (1)	16,940	7,918
Restricted Performance Units/Awards	1,632	1,456
Common stock warrants	46,029	46,029
Total	73,887	61,938

(1) The increase primarily resulted from the grant of the Ergen 2020 Performance Award during the fourth quarter 2020, as disclosed in our Annual Report on Form 10-K for the year ended December 31, 2020.