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Earnings Per Share (Tables) | 3 Months Ended
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Mar. 31, 2023
Earnings Per Share [Abstract] |
Summary of Earnings Per Share, Basic and Diluted | The following reflects the Company’s net income and share data used in the basic and diluted earnings per share computations using the two-class method:
| Three Months Ended March 31 |  |
(in thousands, except per share amounts) | 2023 |  | 2022 |  |  |  |
Numerator: |  |  |  |  |  |  |
Numerator for basic earnings per share: |  |  |  |  |  |  |
Net income attributable to Graham Holdings Company common stockholders | $ | 52,272 |  |  | $ | 95,624 |  |  |  |  |
Less: Dividends paid-common stock outstanding and unvested restricted shares | (15,812) |  |  | (15,497) |  |  |  |  |
Undistributed earnings | 36,460 |  |  | 80,127 |  |  |  |  |
Percent allocated to common stockholders | 99.35 | % |  | 99.35 | % |  |  |  |
| 36,225 |  |  | 79,611 |  |  |  |  |
Add: Dividends paid-common stock outstanding | 15,711 |  |  | 15,397 |  |  |  |  |
Numerator for basic earnings per share | $ | 51,936 |  |  | $ | 95,008 |  |  |  |  |
Add: Additional undistributed earnings due to dilutive stock options | 1 |  |  | 1 |  |  |  |  |
Numerator for diluted earnings per share | $ | 51,937 |  |  | $ | 95,009 |  |  |  |  |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per share: |  |  |  |  |  |  |
Weighted average shares outstanding | 4,759 |  |  | 4,871 |  |  |  |  |
Add: Effect of dilutive stock options | 17 |  |  | 14 |  |  |  |  |
Denominator for diluted earnings per share | 4,776 |  |  | 4,885 |  |  |  |  |
Graham Holdings Company Common Stockholders: |  |  |  |  |  |  |
Basic earnings per share | $ | 10.91 |  |  | $ | 19.50 |  |  |  |  |
Diluted earnings per share | $ | 10.88 |  |  | $ | 19.45 |  |  |  |  |
____________ Earnings per share amounts may not recalculate due to rounding.
Antidilutive Weighted Average Restricted Stock and Options | Diluted earnings per share excludes the following weighted average potential common shares, as the effect would be antidilutive, as computed under the treasury stock method:
| Three Months Ended March 31 |  |
(in thousands) | 2023 |  | 2022 |  |  |  |
Weighted average restricted stock | 10 |  |  | 16 |  |  |  |  |

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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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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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 -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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