Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2016

Earnings Per Share [Abstract]

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):

	Nine Months Ended
	September 30, 2016
Income from continuing operations — basic	$	59,652
Less: Adjustment for dilutive effect of Telesat stock options		(2,302)
Income from continuing operations — diluted	$	57,350

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):

	Nine Months Ended
	September 30, 2016
Weighted average common shares outstanding	30,933
Unconverted restricted stock units	75
Common shares outstanding for diluted earnings per share	31,008

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

For the three months ended September 30, 2016 and the three and nine months ended September 30, 2015, the following unconverted 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 September 30,		Nine Months Ended
	2016	2015	September 30, 2015
Unconverted restricted stock units	75	75	78