Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

17. Earnings Per Share

Telesat has awarded employee stock options, which, if exercised, would result in dilution of Loral's ownership interest in Telesat. The following table presents the dilutive impact of Telesat stock options on Loral's reported net income for the purpose of computing diluted earnings per share (in thousands).

	Three Months Ended March 31,
	2012			2011
Net income attributable to Loral common shareholders — basic	$	7,631		$	67,819
Less: Adjustment for dilutive effect of Telesat stock options		(126	)		(1,969	)
Net income attributable to Loral common shareholders — diluted	$	7,505		$	65,850

Basic income per share is computed based upon the weighted average number of shares of voting and non-voting common stock outstanding. The following is the computation of common shares outstanding for diluted earnings per share (in thousands):

	Three Months Ended March 31,
	2012		2011
Common shares outstanding for diluted earnings per share:
Weighted average common shares outstanding		30,602		30,637
Stock options		134		474
Unvested restricted stock		2		3
Unvested restricted stock units		220		224
Common shares outstanding for diluted earnings per share		30,958		31,338