Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2017

Earnings Per Share [Abstract]

Summary of Earnings Per Share, Basic and Diluted

The following reflects the Company’s net income 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)	2017			2016			2017			2016
Numerator:
Numerator for basic earnings per share:
Net income attributable to Graham Holdings Company common stockholders	$	41,996		$	60,766		$	63,082		$	98,546
Less: Dividends paid-common stock outstanding and unvested restricted shares	(7,080		)	(6,775		)	(21,282		)	(20,533		)
Undistributed earnings	34,916			53,991			41,800			78,013
Percent allocated to common stockholders	99.06		%	98.68		%	99.06		%	98.68		%
	34,588			53,277			41,407			76,981
Add: Dividends paid-common stock outstanding	7,013			6,685			21,082			20,264
Numerator for basic earnings per share	$	41,601		$	59,962		$	62,489		$	97,245
Add: Additional undistributed earnings due to dilutive stock options	3			4			3			5
Numerator for diluted earnings per share	$	41,604		$	59,966		$	62,492		$	97,250
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	5,539			5,544			5,537			5,584
Add: Effect of dilutive stock options	38			30			36			29
Denominator for diluted earnings per share	5,577			5,574			5,573			5,613
Graham Holdings Company Common Stockholders:
Basic earnings per share	$	7.51		$	10.82		$	11.29		$	17.42
Diluted earnings per share	$	7.46		$	10.76		$	11.21		$	17.33

Antidilutive Weighted Average Restricted Stock and Options

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)	2017	2016	2017	2016
Weighted average restricted stock	29	41	28	39