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

12 Months Ended

Dec. 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 Years Ended December 31,
	2021		2020		2019
		(In thousands, except per share amounts)
Net income (loss)	$	2,455,946	$	1,873,936	$	1,492,569
Less: Net income (loss) attributable to noncontrolling interests, net of tax		45,304		111,263		93,057
Net income (loss) attributable to DISH Network - Basic		2,410,642		1,762,673		1,399,512
Interest on dilutive Convertible Notes, net of tax (1)		—		—		—
Net income (loss) attributable to DISH Network - Diluted	$	2,410,642	$	1,762,673	$	1,399,512
Weighted-average common shares outstanding - Class A and B common stock:
Basic (2)		527,844		524,761		479,657
Dilutive impact of Convertible Notes (3)		107,016		59,526		58,192
Dilutive impact of stock awards outstanding		1,203		73		115
Diluted		636,063		584,360		537,964
Earnings per share - Class A and B common stock:
Basic net income (loss) per share attributable to DISH Network	$	4.57	$	3.36	$	2.92
Diluted net income (loss) per share attributable to DISH Network	$	3.79	$	3.02	$	2.60

(1) For the years ended December 31, 2021, 2020 and 2019, materially all of our interest expense was capitalized. See Note 2 for further information.

(2) The 2020 increase primarily resulted from the Master Transaction Agreement, as discussed in Note 20, and the stock rights offering as discussed in Note 13.

(3) The impact of the potential dilution from conversion of our 0% Convertible Notes due 2025, as discussed above, is included assuming conversion as of the December 21, 2020 issuance date into approximately 48.8 million shares of our Class A common stock.

Schedule of dilutive securities not included in the diluted EPS calculation

	As of December 31,
	2021	2020	2019
	(In thousands)
Anti-dilutive stock awards	7,582	9,083	5,471
Performance/market based options (1)	13,954	17,403	7,966
Restricted Performance Units/Awards	1,331	1,755	1,484
Common stock warrants	46,029	46,029	46,029
Total	68,896	74,270	60,950

(1) The increase primarily resulted from the grant of the Ergen 2020 Performance Award during the fourth quarter of 2020. As of December 31, 2021, approximately 20% of the Ergen 2020 Performance Award had vested. See Note 15 for further information.