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Capital Stock, Stock Awards and Stock Options (Tables)
 12 Months Ended
Dec. 31, 2013
Capital Stock, Stock Awards, and Stock Options [Abstract]  
Activity Related to Stock Awards
Activity related to stock awards under these incentive compensation plans was as follows:
 
Year Ended December 31
 
2013
 
2012
 
2011
 
Number of Shares
 
Average Grant-Date Fair Value
 
Number of Shares
 
Average Grant-Date Fair Value
 
Number of Shares
 
Average Grant-Date Fair Value
Beginning of year, unvested
207,917

 
$
350.21

 
77,319

 
$
424.45

 
48,359

 
$
498.95

Awarded
70,165

 
562.29

 
145,348

 
321.56

 
44,030

 
432.09

Vested
(71,585
)
 
515.09

 
(7,134
)
 
499.06

 
(13,132
)
 
722.67

Forfeited
(92,018
)
 
300.86

 
(7,616
)
 
417.79

 
(1,938
)
 
436.31

End of Year, Unvested
114,479

 
424.65

 
207,917

 
350.21

 
77,319

 
424.45
Activity Related to Stock Options
Activity related to options outstanding was as follows:
 
Year Ended December 31
 
2013
 
2012
 
2011
 
Number of Shares
 
Average Option Price
 
Number of Shares
 
Average Option Price
 
Number of Shares
 
Average Option Price
Beginning of year
125,694

 
$
478.32

 
129,044

 
$
494.95

 
87,919

 
$
495.05

Granted
15,000

 
373.03

 
7,500

 
378.00

 
51,000

 
499.45

Exercised
(14,500
)
 
391.83

 
—

 
—

 
—

 
—

Expired or forfeited
(4,500
)
 
637.53

 
(10,850
)
 
605.82

 
(9,875
)
 
519.04

End of Year
121,694

 
469.76

 
125,694

 
478.32

 
129,044

 
494.95
Information related to Stock Options Outstanding and Exercisable
Information related to stock options outstanding and exercisable at December 31, 2013, is as follows:
 
 
Options Outstanding
 
Options Exercisable
Range of Exercise Prices
 
Shares Outstanding at 12/31/2013
 
Weighted
Average
Remaining
Contractual
Life (years)
 
Weighted
Average
Exercise
Price
 
Shares Exercisable at 12/31/2013
 
Weighted
Average
Remaining
Contractual
Life (years)
 
Weighted
Average
Exercise
Price
$369-396
 
44,000

 
7.6
 
$
380.96

 
20,500

 
6.3
 
$
384.82

419-439
 
17,694

 
5.4
 
421.75

 
17,694

 
5.4
 
421.75

503
 
50,000

 
7.2
 
502.58

 
25,000

 
7.2
 
502.58

652
 
2,000

 
4.4
 
651.91

 
2,000

 
4.4
 
651.91

730
 
5,000

 
2.9
 
729.67

 
5,000

 
2.9
 
729.67

954
 
3,000

 
1.0
 
953.50

 
3,000

 
1.0
 
953.50

 
 
121,694

 
6.7
 
469.76

 
73,194

 
5.9
 
488.13
Fair Value of Options Assumptions
The fair value of options at date of grant was estimated using the Black-Scholes method utilizing the following assumptions:
 
2013
 
2012
 
2011
Expected life (years)
7
 
7
 
7
Interest rate
1.31%
 
1.04%–1.27%
 
1.49%–2.85%
Volatility
31.80%
 
31.71%–31.80%
 
30.35%–31.24%
Dividend yield
2.63%
 
2.54%–2.60%
 
2.11%–2.74%
Summary of Earnings Per Share from Continuing Operations, Basic and Diluted
The following reflects the Company's income from continuing operations and share data used in the basic and diluted earnings per share computations using the two-class method:
 
Year Ended December 31
(in thousands, except per share amounts)
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Numerator for basic earnings per share:
 
 
 
 
 
Income from continuing operations attributable to Graham Holdings Company common stockholders
$
189,891

 
$
71,090

 
$
150,464

Less: Dividends paid-common stock outstanding and unvested restricted shares
—

 
(146,432
)
 
(74,575
)
Undistributed earnings (losses)
189,891

 
(75,342
)
 
75,889

Percent allocated to common stockholders (1)
98.45
%
 
100.00
%
 
98.98
%
 
186,948

 
(75,342
)
 
75,115

Add: Dividends paid-common stock outstanding
—

 
143,175

 
73,831

Numerator for basic earnings per share
186,948

 
67,833

 
148,946

Add: Additional undistributed earnings due to dilutive stock options
5

 
—

 
—

Numerator for diluted earnings per share
$
186,953

 
$
67,833

 
$
148,946

Denominator:
 
 
 
 
 
Denominator for basic earnings per share:
 
 
 
 
 
Weighted average shares outstanding
7,238

 
7,360

 
7,826

Add: Effect of dilutive stock options
12

 
—

 
—

Denominator for diluted earnings per share
7,250

 
7,360

 
7,826

Graham Holdings Company Common Stockholders:
 

 
 

 
 

Basic earnings per share from continuing operations
$
25.83

 
$
9.22

 
$
19.03

Diluted earnings per share from continuing operations
$
25.78

 
$
9.22

 
$
19.03

____________
(1)
Percent of undistributed losses allocated to common stockholders is 100% in 2012 as participating securities are not contractually obligated to share in losses.
Antidilutive Weighted Average Restricted Stock [Table Text Block]
Diluted earnings per share excludes the following weighted average potential common shares, as the effect would be antidilutive, as computed under the treasury stock method:
 
Year Ended December 31
(in thousands)
2013
 
2012
 
2011
Weighted average restricted stock
83

 
44

 
79