NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

3 Months Ended

Mar. 31, 2013

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO STOCKHOLDERS [Abstract]

NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

NOTE 4. NET INCOME (LOSS) PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

Cablevision

Basic net income per common share attributable to Cablevision stockholders is computed by dividing net income attributable to Cablevision stockholders by the weighted average number of common shares outstanding during the period. Diluted net income per common share attributable to Cablevision stockholders reflects the dilutive effects of stock options and restricted stock (including shares held by AMC Networks, Inc. ("AMC Networks") and The Madison Square Garden Company ("Madison Square Garden") employees).

A reconciliation of the denominator of the basic and diluted net income per share attributable to Cablevision stockholders calculation for the three months ended March 31, 2012 is as follows:

	March 31, 2012
	(in thousands)
Basic weighted average shares outstanding		267,419
Effect of dilution:
Stock options		2,901
Restricted stock awards		3,718
Diluted weighted average shares outstanding		274,038

Anti-dilutive shares (options whose exercise price exceeds the average market price of Cablevision's common stock during the period and certain restricted shares) totaling approximately 1,274,300 shares, have been excluded from diluted weighted average shares outstanding for the three months ended March 31, 2012. In addition, for the three months ended March 31, 2012, approximately 507,000 restricted shares and approximately 12,617,000 options issued pursuant to the Company's employee stock plan have also been excluded from the diluted weighted average shares outstanding, as the performance criteria on these awards had not yet been satisfied.

Since Cablevision generated a loss from continuing operations for the three months ended March 31, 2013, the outstanding common stock equivalents during this period were excluded from the computation of diluted net loss per share attributable to Cablevision stockholders, as the impact would have been anti-dilutive.

CSC Holdings

Net income per membership unit for CSC Holdings is not presented since CSC Holdings is a limited liability company and a wholly-owned subsidiary of Cablevision.