v3.24.1.u1

Basic and Diluted Net Income (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2024

Basic and Diluted Net Income (Loss) Per Share

Schedule of EPS amounts for all periods and the basic and diluted weighted-average shares outstanding used in the calculation

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2024			2023
​	(In thousands, except per share amounts)
Net income (loss)		$	(108,375)		$	272,845
Less: Net income (loss) attributable to noncontrolling interests, net of tax	​		(999)	​		19,311	​
Net income (loss) attributable to EchoStar - Basic		​	(107,376)		​	253,534
Interest on dilutive Convertible Notes, net of tax (1)	​	​	—	​	​	—	​
Net income (loss) attributable to EchoStar - Diluted	​	$	(107,376)	​	$	253,534	​
​	​	​	​	​	​	​	​
Weighted-average common shares outstanding - Class A and B common stock:	​	​	​	​	​	​	​
Basic	​		271,519	​		269,833	​
Dilutive impact of Convertible Notes (2)(3)	​	​	—	​	​	37,550	​
Dilutive impact of stock awards outstanding (3)	​		—	​		27	​
Diluted	​		271,519	​		307,410	​
​	​	​	​	​	​	​	​
Earnings per share - Class A and B common stock:	​	​	​	​	​	​	​
Basic net income (loss) per share attributable to EchoStar		$	(0.40)		$	0.94
Diluted net income (loss) per share attributable to EchoStar		$	(0.40)		$	0.82

(1) For the three months ended March 31, 2023, substantially all of our interest expense was capitalized. See Note 2 for further information.

(2) We repurchased or redeemed the principal balance of our 2 3/8% Convertible Notes due 2024 as of March 15, 2024, the instrument’s maturity date.

(3) For the three months ended March 31, 2024, the dilutive impact of 33 million weighted-average shares of Class A common stock were excluded from the computation of “Diluted net income (loss) per share attributable to EchoStar” because the effect would have been anti-dilutive as a result of the net loss attributable to EchoStar in the period.

Schedule of anti-dilutive securities not included in the diluted EPS calculation

​

​	​	​	​	​
​	​	As of March 31,
​		2024		2023
	​	(In thousands)
Anti-dilutive stock awards	​	11,417	​	10,849
Performance/market based options		4,556	​	5,020
Restricted Performance Units/Awards	​	—	​	243
Common stock warrants	​	16,151	​	16,151
Total	​	32,124	​	32,263

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- References

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- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

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-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
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- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
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