Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Dilutive Impact of Equity Method Investee Stock Options

The following table presents the dilutive impact of Telesat stock options on Loral’s reported income from continuing operations for the purpose of computing diluted earnings per share (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Income from continuing operations — basic	$	53,002	$	(5,402)	$	38,184	$	(18,988)
Less: Adjustment for dilutive effect of Telesat stock options		(1,299)		—		(1,291)		—
Income from continuing operations — diluted	$	51,703	$	(5,402)	$	36,893	$	(18,988)

Schedule of Weighted Average Number of Shares for Calculating Diluted Earnings per Share

The following is the computation of common shares outstanding for diluted earnings per share (in thousands):


	Three Months Ended June 30,			Six Months Ended June 30,
		2014	2013		2014	2013
Common and potential common shares outstanding for diluted earnings per share:
Weighted average common shares outstanding		30,920	30,793		30,920	30,781
Unconverted restricted stock units		84	—		84	—
Common shares outstanding for diluted earnings per share		31,004	30,793		31,004	30,781

Summary of Unvested Restricted Stock Units Excluded From the Calculation of Diluted Loss Per Share

For the three and six months ended June 30, 2013, the following unvested restricted stock units are excluded from the calculation of diluted loss per share as the effect would have been antidilutive (in thousands):


	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013
Unconverted restricted stock units		84		172

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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