Net Income Per Share

6 Months Ended

Jun. 30, 2015

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 stock 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,
	2015	2014	2015	2014
Basic weighted average common shares outstanding	72,447,000	72,043,000	72,327,000	71,910,000
Effect of dilution:
Stock options	164,000	231,000	91,000	120,000
Restricted stock/units	517,000	528,000	267,000	313,000
Diluted weighted average common shares outstanding	73,128,000	72,802,000	72,685,000	72,343,000

For the three and six months ended June 30, 2015, there were no restricted stock units that would have been anti-dilutive to the diluted weighted average common shares outstanding. For the three and six months ended June 30, 2014, approximately 326,000 restricted stock units have been excluded from diluted weighted average common shares outstanding since they would have been anti-dilutive. Approximately 125,000 and 476,000 restricted stock units for the three and six months ended June 30, 2015 and June 30, 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.