Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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)	2023			2022
Numerator:
Numerator for basic earnings per share:
Net income attributable to Graham Holdings Company common stockholders	$	52,272		$	95,624
Less: Dividends paid-common stock outstanding and unvested restricted shares	(15,812)			(15,497)
Undistributed earnings	36,460			80,127
Percent allocated to common stockholders	99.35		%	99.35		%
	36,225			79,611
Add: Dividends paid-common stock outstanding	15,711			15,397
Numerator for basic earnings per share	$	51,936		$	95,008
Add: Additional undistributed earnings due to dilutive stock options	1			1
Numerator for diluted earnings per share	$	51,937		$	95,009
Denominator:
Denominator for basic earnings per share:
Weighted average shares outstanding	4,759			4,871
Add: Effect of dilutive stock options	17			14
Denominator for diluted earnings per share	4,776			4,885
Graham Holdings Company Common Stockholders:
Basic earnings per share	$	10.91		$	19.50
Diluted earnings per share	$	10.88		$	19.45

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Earnings per share amounts may not recalculate due to rounding.

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)	2023	2022
Weighted average restricted stock	10	16