Earnings Per Share

6 Months Ended

Jul. 03, 2011

Earnings Per Share

Earnings Per Share

Note 7: Earnings Per Share

The Company's earnings per share from continuing operations (basic and diluted) for the second quarter and first six months of 2011 and 2010 are presented below (in thousands, except per share amounts):

	Thirteen Weeks Ended						Twenty-Six Weeks Ended
	July 3, 2011			July 4, 2010			July 3, 2011			July 4, 2010
Income from continuing operations attributable to The Washington Post Company common shareholders	$	46,987		$	101,496		$	63,954		$	155,263
Less: Amount attributable to participating securities		(480	)		(717	)		(631	)		(1,118	)
Basic income from continuing operations attributable to The Washington Post Company common shareholders	$	46,507		$	100,779		$	63,323		$	154,145
Plus: Amount attributable to participating securities		480			717			631			1,118
Diluted income from continuing operations attributable to The Washington Post Company common shareholders	$	46,987		$	101,496		$	63,954		$	155,263
Basic weighted average shares outstanding		7,852			9,126			7,949			9,150
Effect of dilutive shares:
Stock options and restricted stock		81			67			77			67
Diluted weighted average shares outstanding		7,933			9,193			8,026			9,217
Income per share from continuing operations attributable to The Washington Post Company common shareholders:
Basic	$	5.92		$	11.04		$	7.97		$	16.86
Diluted	$	5.92		$	11.04		$	7.97		$	16.86

The diluted earnings per share amounts for the second quarter of 2011 and the first six months of 2011 exclude the effects of 89,850 and 79,850 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the second quarter of 2010 and the first six months of 2010 exclude the effects of 51,275 stock options outstanding, as their inclusion would have been antidilutive.

In the second quarter and the first six months of 2011, the Company declared regular dividends totaling $2.35 and $7.05 per share, respectively.