Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2018

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   March 31
(in thousands, except per share amounts)	2018			2017
Numerator:
Numerator for basic earnings per share:
Net income attributable to Graham Holdings Company common stockholders	$	42,891		$	21,086
Less: Dividends paid-common stock outstanding and unvested restricted shares	(14,638		)	(14,202		)
Undistributed earnings	28,253			6,884
Percent allocated to common stockholders	99.30		%	99.04		%
	28,057			6,818
Add: Dividends paid-common stock outstanding	14,539			14,066
Numerator for basic earnings per share	$	42,596		$	20,884
Add: Additional undistributed earnings due to dilutive stock options	1			—
Numerator for diluted earnings per share	$	42,597		$	20,884
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	5,436			5,535
Add: Effect of dilutive stock options	37			34
Denominator for diluted earnings per share	5,473			5,569
Graham Holdings Company Common Stockholders:
Basic earnings per share	$	7.84		$	3.77
Diluted earnings per share	$	7.78		$	3.75

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   March 31
(in thousands)	2018	2017
Weighted average restricted stock	28	28