Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 68

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 68
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 Common Stockholders:        Basic earnings (loss) per share$8.43 $(4.79)$13.93 $23.24 Diluted earnings (loss) per share$8.35 $(4.79)$13.81 $23.11  ____________Earnings (loss) per share amounts may not recalculate due to rounding.(1)    Percent of undistributed losses allocated to common stockholders is 100% in the three months ended June 30, 2024 as participating securities are not contractually obligated to share in losses.Diluted earnings (loss) 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  June 30Six Months Ended  June 30(in thousands)2025202420252024Weighted average restricted stock13 20 13 19 Weighted average stock options— 27 — — The diluted earnings per share amounts for the three and six months ended June 30, 2025 excludes the effect of 1,000 contingently issuable shares outstanding as their inclusion would have been antidilutive due to a market condition. The diluted (loss) earnings per share amounts for the three and six months ended June 30, 2024 exclude the effect of 27,742 stock options and contingently issuable shares outstanding as their inclusion would have been antidilutive due to a market condition.In the three and six months ended June 30, 2025, the Company declared regular dividends totaling $1.80 and $5.40 per common share, respectively. In the three and six months ended June 30, 2024, the Company declared regular dividends totaling $1.72 and $5.16 per common share, respectively.

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11.    PENSION AND POSTRETIREMENT PLANS

Defined Benefit Plans.  The total benefit arising from the Company’s defined benefit pension plans consists of the following components:  Three Months Ended  June 30Six Months Ended  June 30(in thousands)2025202420252024Service cost$11,699 $14,071 $23,891 $28,105 Interest cost6,956 11,246 13,377 22,440 Expected return on assets(41,881)(41,239)(83,852)(82,929)Amortization of