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Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
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:
 
Three Months Ended 
 June 30
 
Six Months Ended 
 June 30
(in thousands, except per share amounts)
2015
 
2014
 
2015
 
2014
Numerator:
 
 
 
 
 
 
 
Numerator for basic earnings per share:
  
 
  
 
  
 
  
Income from continuing operations attributable to Graham Holdings Company common stockholders
$
57,782

 
$
374,948

 
$
79,172

 
$
505,314

Less: Dividends-common stock outstanding and unvested restricted shares
(15,484
)
 
(14,819
)
 
(46,354
)
 
(52,494
)
Undistributed earnings
42,298

 
360,129

 
32,818

 
452,820

Percent allocated to common stockholders
98.18
%
 
97.88
%
 
98.18
%
 
97.88
%
 
41,527

 
352,507

 
32,220

 
443,236

Add: Dividends-common stock outstanding
15,201

 
14,506

 
45,506

 
51,556

Numerator for basic earnings per share
$
56,728

 
$
367,013

 
$
77,726

 
$
494,792

Add: Additional undistributed earnings due to dilutive stock options
4

 
31

 
3

 
40

Numerator for diluted earnings per share
$
56,732

 
$
367,044

 
$
77,729

 
$
494,832

Denominator:
  

 
  

 
 
 
 
Denominator for basic earnings per share:


 


 


 


Weighted average shares outstanding
5,720

 
7,284

 
5,712

 
7,280

Add: Effect of dilutive stock options
30

 
24

 
32

 
24

Denominator for diluted earnings per share
5,750

 
7,308

 
5,744

 
7,304

Graham Holdings Company Common Stockholders:
  
 
  
 
  
 
  
Basic earnings per share from continuing operations
$
9.92

 
$
50.39

 
$
13.61

 
$
67.97

Diluted earnings per share from continuing operations
$
9.87

 
$
50.22

 
$
13.53

 
$
67.74
Antidilutive Weighted Average Restricted Stock
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:
 
Three Months Ended 
 June 30
 
Six Months Ended 
 June 30
(in thousands)
2015
 
2014
 
2015
 
2014
Weighted average restricted stock
55

 
55

 
54

 
57