XML 39 R17.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Computation of (loss) earnings per-share
12 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Computation of (loss) earnings per-share Computation of (loss) earnings per-share
The following table presents a reconciliation of weighted-average shares used in the calculations of basic and diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders.
 Years Ended June 30,
 202420232022
Net (loss) income available to Sphere Entertainment Co.’s stockholders (numerator):
(Loss) income from continuing operations$(224,633)$172,027 $(137,850)
Income (loss) from discontinued operations, net of taxes$23,984 $333,653 $(52,297)
Less: Net income attributable to redeemable noncontrolling interests from discontinued operations— 3,925 7,739 
Less: Net loss attributable to nonredeemable noncontrolling interests from discontinued operations— (1,017)(3,491)
Net (loss) income attributable to discontinued operations per statement of operations23,984 330,745 (56,545)
Adjustment of redeemable noncontrolling interest to redemption value from discontinued operations— — (3,173)
Net (loss) income attributable to discontinued operations for EPS:$23,984 $330,745 $(59,718)
Weighted-average shares (denominator):
Weighted-average shares for basic EPS35,301 34,651 34,255 
Dilutive effect of shares issuable under share-based compensation plans (a)
— 278 — 
Weighted-average shares for diluted EPS35,301 34,929 34,255 
Weighted-average anti-dilutive shares (a)
— 800 — 
Basic (loss) earnings per common share
Continuing operations$(6.36)$4.96 $(4.02)
Discontinued operations$0.68 $9.55 $(1.75)
Basic (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders$(5.68)$14.51 $(5.77)
Diluted (loss) earnings per common share
Continuing operations$(6.36)$4.93 $(4.02)
Discontinued operations$0.68 $9.47 $(1.75)
Diluted (loss) earnings per common share attributable to Sphere Entertainment Co.’s stockholders$(5.68)$14.40 $(5.77)
_________________
(a)    For Fiscal Years 2024 and 2022, all restricted stock units and stock options were excluded from the above table because the Company reported a net loss for the period presented, and therefore, their impact on reported loss per share would have been antidilutive.