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Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Common Share

v3.10.0.1
Earnings (Loss) Per Common Share
6 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract] Ìý
Earnings (Loss) Per Common Share

(6)ÌýÌýÌýEarnings (Loss) Per Common Share

Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding ("WASO") for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented. Potentially dilutive shares are excluded from the computation of diluted EPS during periods in which losses are reported since the result would be antidilutive.

SeriesÌýA and SeriesÌýB º¬Ð߲ݴ«Ã½ Common Stock

Excluded from diluted EPS for the three months ended JuneÌý30,Ìý2018 and 2017, are 28 million and 16 million potential common shares, respectively, because their inclusion would have been antidilutive. Excluded from diluted EPS, for the six months ended JuneÌý30,Ìý2018 and 2017, areÌý28 million and 16 million potential common shares, respectively, because their inclusion would have been antidilutive.

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º¬Ð߲ݴ«Ã½ÌýCommonÌýStock

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Ìý

ÌýÌýÌýÌý

Three months endedÌý

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Six months ended

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JuneÌý30,

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JuneÌý30,

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2018

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2017

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2018

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2017

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Ìý

numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

Ìý

467

Ìý

451

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472

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452

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Potentially dilutive shares

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Ìý4

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Ìý4

Ìý

Ìý4

Ìý

Ìý3

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Diluted WASO

Ìý

471

Ìý

455

Ìý

476

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455

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Ìý

SeriesÌýA and SeriesÌýB Liberty Ventures Common Stock

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Excluded from diluted EPS for the six months ended JuneÌý30,Ìý2018 were 2 million potential common shares, because their inclusion would have been antidilutive. NoÌýpotential common shares were excluded from diluted EPS for the three and six months ended JuneÌý30,Ìý2017, and the three months ended June 30, 2018.

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LibertyÌýVenturesÌýCommonÌýStock

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Ìý

ÌýÌýÌýÌý

Three months endedÌý

ÌýÌýÌýÌý

Six months ended

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JuneÌý30,

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JuneÌý30,

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2018 (1)

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2017

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2018

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2017

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Ìý

numberÌýofÌýsharesÌýinÌýmillions

Ìý

Basic WASO

Ìý

NA

Ìý

85

Ìý

86

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85

Ìý

Potentially dilutive shares

Ìý

NA

Ìý

1

Ìý

Ìý1

Ìý

1

Ìý

Diluted WASO

Ìý

NA

Ìý

86

Ìý

87

Ìý

86

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Ìý


(1)

All of the outstanding shares of Liberty Ventures Series A and B common stock were redeemed for GCI Liberty Series A and B common stock as a result of the GCI Liberty Split-Off on March 9, 2018.