Company: GHC
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0000104889-25-000062
Chunk: 67

Company: Graham Holdings Co
Filing Date: 2025-07-30
Form: 10-Q
Item: Part I, Item 8
Chunk 67
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 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.

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The following reflects the Company’s net income (loss) and share data used in the basic and diluted earnings (loss) per share computations using the two-class method:Three Months Ended  June 30Six Months Ended  June 30(in thousands, except per share amounts)2025202420252024Numerator:Numerator for basic earnings (loss) per share:        Net income (loss) attributable to Graham Holdings Company common stockholders$36,749 $(21,040)$60,643 $103,340 Less: Dividends paid-common stock outstanding and unvested restricted shares(7,846)(7,574)(23,508)(22,926)Undistributed earnings (loss)28,903 (28,614)37,135 80,414 Percent allocated to common stockholders (1)99.39 %100.00 %99.39 %99.32 %28,726 (28,614)36,908 79,869 Add: Dividends paid-common stock outstanding7,798 7,523 23,364 22,772 Numerator for basic earnings (loss) per share$36,524 $(21,091)$60,272 $102,641 Add: Additional undistributed earnings due to dilutive stock options2 — 2 3 Numerator for diluted earnings (loss) per share$36,526 $(21,091)$60,274 $102,644 Denominator:    Denominator for basic earnings (loss) per share:Weighted average shares outstanding4,333 4,401 4,327 4,416 Add: Effect of dilutive stock options40 — 39 26 Denominator for diluted earnings (loss) per share4,373 4,401 4,366 4,442 Graham Holdings Company