Net Income Per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Net Income Per Share

Net Income per Share

The condensed 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 March 31,
	2015	2014
Basic weighted average common shares outstanding	72,206,000	71,775,000
Effect of dilution:
Stock options	204,000	250,000
Restricted shares/units	560,000	734,000
Diluted weighted average common shares outstanding	72,970,000	72,759,000

For the three months ended March 31, 2015 and March 31, 2014, 312,252 and 327,023 restricted share units, respectively, have been excluded from diluted weighted average common shares outstanding since they would have been anti-dilutive. Approximately 125,000 and 122,000 restricted stock units for the three months ended March 31, 2015 and March 31, 2014, respectively, have been excluded from diluted weighted average common shares outstanding since the performance criteria on these awards was not probable of being achieved in each of the respective periods.