INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

9 Months Ended

Sep. 30, 2015

INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

NOTE 4. INCOME PER SHARE ATTRIBUTABLE TO STOCKHOLDERS

Cablevision

Basic 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 income per common share attributable to Cablevision stockholders reflects the dilutive effects of stock options, restricted stock and restricted stock units. For such awards that are performance based, the diluted effect is reflected upon the achievement of the performance criteria.

The following table presents a reconciliation of weighted average shares used in the calculations of the basic and diluted income per share attributable to Cablevision stockholders for the three and nine months ended September 30, 2015 and 2014:



	Three Months Ended September 30,		Nine Months Ended September 30,
	2015	2014	2015	2014
	(in thousands)
Basic weighted average shares outstanding	270,024	265,403	269,089	263,832
Effect of dilution:
Stock options	3,898	3,339	3,218	3,399
Restricted stock	3,344	2,527	3,325	2,394
Diluted weighted average shares outstanding	277,266	271,269	275,632	269,625

For the nine months ended September 30, 2015, anti-dilutive shares totaling approximately 1,550,000 shares have been excluded from diluted weighted average shares outstanding. Approximately 630,000 restricted shares and 1,767,000 performance based restricted stock units for the three and nine months ended September 30, 2015 have also been excluded from the diluted weighted average shares outstanding as the performance criteria on these awards had not yet been satisfied.

For the three and nine months ended September 30, 2014, anti-dilutive shares totaling approximately 2,100,000 and 1,646,000 shares, respectively, have been excluded from diluted weighted average shares outstanding. Approximately 1,990,000 restricted shares for the three and nine months ended September 30, 2014 have also been excluded from the diluted weighted average shares outstanding as the performance criteria on these awards had not yet been satisfied.

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.