Sirius XM Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings per Share

Earnings per Share

3 Months Ended

Mar. 31, 2017

Basic net income per common share is calculated by dividing the income available to common stockholders by the weighted average common shares outstanding during each reporting period. Diluted net income per common share adjusts the weighted average number of common shares outstanding for the potential dilution that could occur if common stock equivalents (stock options and restricted stock units) were exercised or converted into common stock, calculated using the treasury stock method. We had no participating securities during the three months ended March 31, 2017 and 2016.

Common stock equivalents of 63,668 and 238,258 for the three months ended March 31, 2017 and 2016, respectively, were excluded from the calculation of diluted net income per common share as the effect would have been anti-dilutive.



	For the Three Months Ended March 31,
	2017		2016
Numerator:
Net income available to common stockholders for basic and diluted net income per common share	$	207,073	$	172,440
Denominator:
Weighted average common shares outstanding for basic net income per common share	4,710,340		5,065,319
Weighted average impact of dilutive equity instruments	74,080		45,299
Weighted average shares for diluted net income per common share	4,784,420		5,110,618
Net income per common share:
Basic	$	0.04	$	0.03
Diluted	$	0.04	$	0.03