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, 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 (warrants, 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, 2016 and 2015.

Common stock equivalents of 238,258 and 105,796 for the three months ended March 31, 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 March 31,
	2016		2015
Numerator:
Net income available to common stockholders for basic and diluted net income per common share	$	171,339	$	105,692
Denominator:
Weighted average common shares outstanding for basic net income per common share	5,065,319		5,570,748
Weighted average impact of dilutive equity instruments	45,299		69,090
Weighted average shares for diluted net income per common share	5,110,618		5,639,838
Net income per common share:
Basic	$	0.03	$	0.02
Diluted	$	0.03	$	0.02