Company: GHC
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0000104889-25-000032
Chunk: 21

Company: Graham Holdings Co
Filing Date: 2025-04-30
Form: 10-Q
Item: Part I, Item 1
Chunk 21
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 of other activity was related to currency translation adjustments for the three months ended March 31, 2025.

10.    EARNINGS PER SHARE

The Company’s unvested restricted stock awards contain nonforfeitable rights to dividends and, therefore, are considered participating securities for purposes of computing earnings per share pursuant to the two-class method. The diluted earnings per share computed under the two-class method is lower than the diluted earnings per share computed under the treasury stock method, resulting in the presentation of the lower amount in diluted earnings per share. The computation of the earnings per share under the two-class method excludes the income attributable to the unvested restricted stock awards from the numerator and excludes the dilutive impact of those underlying shares from the denominator.

14

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)20252024Numerator:Numerator for basic earnings per share:    Net income attributable to Graham Holdings Company common stockholders$23,894 $124,380 Less: Dividends paid-common stock outstanding and unvested restricted shares(15,662)(15,352)Undistributed earnings8,232 109,028 Percent allocated to common stockholders99.38 %99.33 %8,182 108,295 Add: Dividends paid-common stock outstanding15,563 15,250 Numerator for basic earnings per share$23,745 $123,545 Add: Additional undistributed earnings due to dilutive stock options— 4 Numerator for diluted earnings per share$23,745 $123,549 Denominator:Denominator for basic earnings per share:Weighted average shares outstanding4,320 4,432 Add: Effect of dilutive stock options38 25 Denominator for diluted earnings per share4,358 4,457 Graham Holdings Company Common Stockholders:    Basic earnings per share$5.50 $27.87 Diluted earnings per share$5.45 $27.72  ____________Earnings per share amounts may not recalculate due to rounding.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)20252024Weighted average