Earnings Per Share

3 Months Ended

Oct. 02, 2011

Note 8: (Loss) Earnings Per Share

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

			Thirteen Weeks Ended				Thirty-Nine Weeks Ended
			October 2,		October 3,		October 2,		October 3,
			2011		2010		2011		2010
(Loss) income from continuing operations attributable to The
	Washington Post Company common stockholders		$	(3,698)	$	85,513	$	60,299	$	241,140
Less: Amount attributable to participating securities				(190)		(483)		(745)		(1,468)

Basic (loss) income from continuing operations attributable to
	The Washington Post Company common stockholders		$	(3,888)	$	85,030	$	59,554	$	239,672

Plus: Amount attributable to participating securities				―		483		745		1,468
Diluted (loss) income from continuing operations attributable to
	The Washington Post Company common stockholders		$	(3,888)	$	85,513	$	60,299	$	241,140

Basic weighted average shares outstanding				7,802		8,839		7,900		9,047
Effect of dilutive shares:
		Stock options and restricted stock		―		65		79		66

Diluted weighted average shares outstanding				7,802		8,904		7,979		9,113

(Loss) income per share from continuing operations attributable
	to The Washington Post Company common stockholders:
		Basic	$	(0.50)	$	9.61	$	7.54	$	26.48
		Diluted	$	(0.50)	$	9.60	$	7.54	$	26.46

The diluted earnings per share amounts for the third quarter of 2011 and the first nine months of 2011 exclude the effects of 137,544 and 101,794 stock options outstanding, respectively, as their inclusion would have been antidilutive. The diluted earnings per share amounts for the third quarter of 2010 and the first nine months of 2010 exclude the effects of 59,069 and 36,125 stock options outstanding, respectively, as their inclusion would have been antidilutive.

In the third quarter and the first nine months of 2011, the Company declared regular dividends totaling $2.35 and $9.40 per share, respectively.