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

9 Months Ended

Sep. 30, 2016

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 and nine months ended September 30, 2016 and 2015.

Common stock equivalents of 192,134 and 162,433 for the three months ended September 30, 2016 and 2015, respectively, and 239,205 and 127,231 for the nine months ended September 30, 2016 and 2015, 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 September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
Numerator:
Net income available to common stockholders for basic and diluted net income per common share	$	193,901	$	166,550	$	541,306	$	375,091
Denominator:
Weighted average common shares outstanding for basic net income per common share	4,870,281		5,297,797		4,957,820		5,436,378
Weighted average impact of dilutive equity instruments	49,548		48,641		47,313		50,738
Weighted average shares for diluted net income per common share	4,919,829		5,346,438		5,005,133		5,487,116
Net income per common share:
Basic	$	0.04	$	0.03	$	0.11	$	0.07
Diluted	$	0.04	$	0.03	$	0.11	$	0.07