Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2020

Net income per share:

Schedule of Dilutive Impact of Equity Method Investee Stock Options

Telesat has awarded employee stock options, which, if exercised, would result in dilution of Loral’s ownership interest in Telesat to approximately 62.4%. 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):

	Year Ended December 31,
	2020		2019
Net income — basic	$	93,093	$	89,755
Less: Adjustment for dilutive effect of Telesat stock options		(522)		(528)
Net income — diluted	$	92,571	$	89,227

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

Basic earnings 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):

	Year Ended December 31,
		2020	2019
Weighted average common shares outstanding		30,933	30,933
Weighted average unconverted restricted stock units		87	75
Common shares outstanding for diluted earnings per share		31,020	31,008