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Earnings Per Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following tables set forth the computation of basic and diluted income per share for the three and nine months ended September 30, 2016 and 2015:
 
Three Months Ended September 30, 2016
 
Three Months Ended September 30, 2015
(In thousands, except
Income
 
Shares
 
Per Share
 
Income
 
Shares
 
Per Share
per share amounts)
(Numerator)
 
(Denominator)
 
Amount
 
(Numerator)
 
(Denominator)
 
Amount
Net loss attributable to Media General
$
(68,707
)
 
 

 
 

 
$
(48,493
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Undistributed earnings attributable to participating securities
—

 
 

 
 

 
—

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
 
 
 
 
 
 
 
 
 
 
Loss attributable to common stockholders
$
(68,707
)
 
129,116

 
$
(0.53
)
 
$
(48,493
)
 
127,903

 
$
(0.38
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and warrants
 

 
—

 
 

 
 

 
—

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
 
 
 
 
Loss attributable to common stockholders
$
(68,707
)
 
129,116

 
$
(0.53
)
 
$
(48,493
)
 
127,903

 
$
(0.38
)


 
Nine Months Ended September 30, 2016
 
Nine Months Ended September 30, 2015
(In thousands, except
Income
 
Shares
 
Per Share
 
Income
 
Shares
 
Per Share
per share amounts)
(Numerator)
 
(Denominator)
 
Amount
 
(Numerator)
 
(Denominator)
 
Amount
Net loss attributable to Media General
$
(76,399
)
 
 

 
 

 
$
(54,291
)
 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Undistributed earnings attributable to participating securities
—

 
 

 
 

 
—

 
 

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Basic EPS
 
 
 
 
 
 
 
 
 
 
 
Loss attributable to common stockholders
$
(76,399
)
 
128,918

 
$
(0.59
)
 
$
(54,291
)
 
128,844

 
$
(0.42
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effect of dilutive securities:
 
 
 
 
 
 
 
 
 
 
 
Stock options and warrants
 

 
—

 
 

 
 

 
—

 
 

 
 
 
 
 
 
 
 
 
 
 
 
Diluted EPS
 
 
 
 
 
 
 
 
 
 
 
Loss attributable to common stockholders
$
(76,399
)
 
128,918

 
$
(0.59
)
 
$
(54,291
)
 
128,844

 
$
(0.42
)




For the three months ended September 30, 2016 and 2015, we have excluded from the calculation of diluted earnings per share 946 thousand and 1.5 million, respectively, of common shares issuable for share options and restricted shares, because the net loss causes these shares to be anti-dilutive. For the nine months ended September 30, 2016 and 2015, we have excluded from the calculation of diluted earnings per share 1.1 million and 1.3 million, respectively, of common shares issuable for share options and restricted shares, because the net loss causes these shares to be anti-dilutive.