Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2020

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 net income for the purpose of computing diluted earnings per share (in thousands):


		Three Months Ended
		March 31, 2019
Net income — basic	$	38,516
Less: Adjustment for dilutive effect of Telesat stock options		(254)
Net income — diluted	$	38,262

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
	March 31, 2019
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 March 31, 2020, 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
	March 31, 2020
Unconverted restricted stock units	75