Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

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,
	2016		2017		2016
Income from continuing operations — basic	$	32,654	$	69,187	$	63,473
Less: Adjustment for dilutive effect of Telesat stock options		(764)		(633)		(2,199)
Income from continuing operations — diluted	$	31,890	$	68,554	$	61,274

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,
		2016	2017		2016
Weighted average common shares outstanding		30,933		30,933		30,933
Unconverted restricted stock units		75		75		75
Common shares outstanding for diluted earnings per share		31,008		31,008		31,008

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

For the three months ended June 30, 2017, 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 June 30, 2017
Unconverted restricted stock units	75