Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

13. Earnings Per Share

Telesat has awarded employee stock options, which, if exercised, would result in dilution of Loral’s ownership interest in Telesat to approximately 62.3%.Telesat stock options are excluded from the calculation of diluted loss per share for the three months ended March 31, 2013 and 2012, as the effect would be antidilutive.

For the three months ended March 31, 2013 and 2012, all stock options outstanding, unvested restricted stock and unvested restricted stock units are excluded from the calculation of diluted loss per share as the effect would have been antidilutive. The following summarizes stock options outstanding, unvested restricted stock and unvested restricted stock units excluded from the calculation of diluted loss per share (in thousands):

	Three Months Ended March 31,
	2013		2012
Stock options		—		134
Unvested restricted stock units		—		220
Unvested restricted stock		254		2