XML 27 R15.htm IDEA: XBRL DOCUMENT v3.8.0.1
Earnings Per Share
 9 Months Ended
Sep. 30, 2017
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share

Our earnings per share (basic and diluted) are presented below (in thousands of dollars, except per share amounts):
 
Quarter ended
Sept. 30,
 
Nine months ended Sept. 30,
 
2017
 
2016
 
2017
 
2016
 
 
 
 
 
 
 
 
Net income from continuing operations
$
50,754

 
$
76,737

 
$
144,682

 
$
211,615

(Loss) income from discontinued operations, net of tax
(10,803
)
 
56,698

 
(233,261
)
 
132,141

Net loss (income) attributable to noncontrolling interests from discontinued operations
2,806

 
(14,752
)
 
58,698

 
(40,178
)
Net income (loss) attributable to TEGNA Inc.
$
42,757

 
$
118,683

 
$
(29,881
)
 
$
303,578

 
 
 
 
 
 
 
 
Weighted average number of common shares outstanding - basic
215,863

 
214,813

 
215,558

 
216,865

Effect of dilutive securities:
 
 
 
 


 


Restricted stock units
828

 
1,630

 
880

 
1,662

Performance share units
721

 
775

 
674

 
1,049

Stock options
683

 
881

 
715

 
935

Weighted average number of common shares outstanding - diluted
218,095

 
218,099

 
217,827

 
220,511

 
 
 
 
 
 
 
 
Earnings from continuing operations per share - basic
$
0.24

 
$
0.36

 
$
0.67

 
$
0.98

(Loss) earnings from discontinued operations per share - basic
(0.04
)
 
0.19

 
(0.81
)
 
0.42

Net income (loss) per share - basic
$
0.20

 
$
0.55

 
$
(0.14
)
 
$
1.40

 
 
 
 
 
 
 
 
Earnings from continuing operations per share - diluted
$
0.23

 
$
0.35

 
$
0.66

 
$
0.96

(Loss) earnings from discontinued operations per share - diluted
(0.04
)
 
0.19

 
(0.80
)
 
0.42

Net income (loss) per share - diluted
$
0.19

 
$
0.54

 
$
(0.14
)
 
$
1.38



Our calculation of diluted earnings per share includes the impact of the assumed vesting of outstanding restricted stock units, performance share units, and the exercise of outstanding stock options based on the treasury stock method when dilutive. The diluted earnings per share amounts exclude the effects of approximately 96,000 and 142,000 stock awards for the three and nine months ended September 30, 2017, respectively; and 192,000 and 292,000 for the three and nine months ended September 30, 2016, respectively, as their inclusion would be accretive to earnings per share.