Net Income Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Net Income Per Share

Net Income per Share

The consolidated statements of income present basic and diluted net income per share (“EPS”). Basic EPS is based upon net income divided by the weighted-average number of common shares outstanding during the period. Diluted EPS reflects the dilutive effects of AMC Networks stock options (including those held by directors and employees of related parties of the Company) and AMC Networks restricted shares/units (including those held by employees of related parties of the Company).

The following is a reconciliation between basic and diluted weighted average shares outstanding:

	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Basic weighted average shares outstanding	71,568,000	70,479,000	71,430,000	70,175,000
Effect of dilution:
Stock options	294,000	819,000	314,000	859,000
Restricted shares/units	781,000	885,000	869,000	1,123,000
Diluted weighted average shares outstanding	72,643,000	72,183,000	72,613,000	72,157,000

Approximately 80,000 restricted shares/units for the three and six months ended June 30, 2013 and approximately 231,000 restricted shares/units for the three and six months ended June 30, 2012 have been excluded from diluted weighted average common shares outstanding since the performance criteria on these awards have not yet been satisfied in each of the respective periods. As of June 30, 2012, approximately 334,000 restricted shares/units have been excluded from diluted weighted average common shares outstanding since they would have been anti-dilutive.