Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 107

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 107
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 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 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.

106

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:Year Ended December 31(in thousands, except per share amounts)202420232022Numerator:Numerator for basic earnings per share:Net income attributable to Graham Holdings Company common stockholders$724,634 $205,288 $67,079 Less: Dividends paid–common stock outstanding and unvested restricted shares(30,347)(30,953)(30,712)Undistributed earnings694,287 174,335 36,367 Percent allocated to common stockholders99.32 %99.34 %99.43 %689,588 173,182 36,160 Add: Dividends paid–common stock outstanding30,147 30,756 30,540 Numerator for basic earnings per share719,735 203,938 66,700 Add: Additional undistributed earnings due to dilutive stock options35 4 — Numerator for diluted earnings per share$719,770 $203,942 $66,700 Denominator:Denominator for basic earnings per share:Weighted average shares outstanding4,372 4,639 4,823 Add: Effect of dilutive stock options33 15 13 Denominator for diluted earnings per share4,405 4,654 4,836 Graham Holdings Company Common Stockholders:   Basic earnings per share$164.62 $43.96 $13.83 Diluted earnings per share$163.40 $43.82 $13.79 ____________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:Year Ended December 31(in thousands)202420232022Weighted average restricted stock21 12 18