| 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. |