Company: GHC
Filing Date: 2025-10-29
Form Type: 10-Q
Source: 0001628280-25-046925
Chunk: 29

Company: Graham Holdings Co
Filing Date: 2025-10-29
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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174,637 Add: Additional undistributed earnings due to dilutive stock options7 3 8 6 Numerator for diluted earnings per share$122,182 $72,007 $182,456 $174,643 Denominator:    Denominator for basic earnings per share:Weighted average shares outstanding4,334 4,352 4,329 4,395 Add: Effect of dilutive stock options44 32 41 28 Denominator for diluted earnings per share4,378 4,384 4,370 4,423 Graham Holdings Company Common Stockholders:        Basic earnings per share$28.19 $16.54 $42.15 $39.74 Diluted earnings per share$27.91 $16.42 $41.75 $39.49  ____________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  September 30Nine Months Ended  September 30(in thousands)2025202420252024Weighted average restricted stock16 21 14 20 The diluted earnings per share amounts for the three and nine months ended September 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 earnings per share amounts for the three and nine months ended September 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 nine months ended September 30, 2025, the Company declared regular dividends totaling $1.80 and $7.20 per common share, respectively. In the three and nine months ended September 30, 2024, the Company declared regular dividends totaling $1.72 and $6.88 per common share, respectively.

18

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  September 30Nine Months Ended  September 30(in thousands)2025202420252024Service cost$11,772