Earnings Attributable to СÓÅÊÓƵ Stockholders Per Common Share (Tables)
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6 Months Ended |
Jun. 30, 2016 |
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| СÓÅÊÓƵ |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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СÓÅÊÓƵÌýMedia Corporation CommonÌýStock
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Ìý
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Ìý
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Ìý
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April 1, 2016
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Ìý
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ThreeÌýmonths
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Ìý
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January 1, 2016
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Ìý
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Six months
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Ìý
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Ìý
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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Ìý
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ÌýÌýÌýÌý
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April 15, 2016
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ÌýÌýÌýÌý
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June 30, 2015
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ÌýÌýÌýÌý
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April 15, 2016
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ÌýÌýÌýÌý
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June 30, 2015
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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335
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Ìý
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339
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Ìý
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335
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Ìý
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340
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Ìý
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Potentially dilutive shares
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Ìý
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2
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Ìý
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3
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Ìý
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2
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Ìý
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3
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Ìý
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Diluted WASO
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Ìý
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337
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Ìý
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342
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Ìý
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337
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Ìý
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343
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Ìý
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Ìý
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| СÓÅÊÓƵ Sirius XM Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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СÓÅÊÓƵÌýSiriusXM CommonÌýStock
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Ìý
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Ìý
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Ìý
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April 15, 2016
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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Ìý
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2016
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ÌýÌýÌýÌý
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June 30, 2015
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2015
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Ìý
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|
Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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335
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Ìý
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NA
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Ìý
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335
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Ìý
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NA
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Ìý
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Potentially dilutive shares
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Ìý
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2
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Ìý
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NA
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Ìý
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2
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Ìý
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NA
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Ìý
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Diluted WASO
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Ìý
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337
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Ìý
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NA
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Ìý
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337
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Ìý
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NA
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Ìý
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Ìý
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| СÓÅÊÓƵ Braves Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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СÓÅÊÓƵÌýBraves CommonÌýStock
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Ìý
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Ìý
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Ìý
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April 15, 2016
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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Ìý
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2016 (a)(b)
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ÌýÌýÌýÌý
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June 30, 2015
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ÌýÌýÌýÌý
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June 30, 2016 (a)(b)
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Ìý
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June 30, 2015
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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Basic WASO
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Ìý
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36
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Ìý
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NA
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Ìý
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36
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Ìý
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NA
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Ìý
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Potentially dilutive shares
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Ìý
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9
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Ìý
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NA
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Ìý
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9
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Ìý
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NA
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Ìý
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Diluted WASO
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Ìý
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45
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Ìý
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NA
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Ìý
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45
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Ìý
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NA
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Ìý
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Ìý
ÌýÌýÌýÌý
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(a)
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As discussed in note 2, subsequent to the Recapitalization, СÓÅÊÓƵ distributed subscription rights to holders of СÓÅÊÓƵ Braves common stock, which were priced at a discount to the market value, to acquire additional shares of СÓÅÊÓƵ Braves common stock. The rights offering, because of the discount, isÌýconsidered a stock dividend which requires retroactive treatment for prior periods for the weighted average sharesÌýoutstanding.
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(b)
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As discussed in note 2, following the Recapitalization and SeriesÌýC СÓÅÊÓƵ Braves common stock rights offering, the number of notional shares representing the СÓÅÊÓƵ Media Group’s intergroup interest in the СÓÅÊÓƵ Braves Group was adjusted to 9,084,940 shares. The intergroup interest is a quasi-equity interest which is not represented by outstanding shares of common stock; rather, the СÓÅÊÓƵ Media Group has an attributed value in the СÓÅÊÓƵ Braves Group which is generally stated in terms of a number of shares of stock issuable to the СÓÅÊÓƵ Media Group with respect to its interest in the СÓÅÊÓƵ Braves Group. Each reporting period, the notional shares representing the intergroup interest are marked to fair value. As the notional shares underlying the intergroup interest are not represented by outstanding shares of common stock, such shares have not been officially designated Series A, B or C СÓÅÊÓƵ Braves common stock. However, СÓÅÊÓƵ has assumed that the notional shares (if and when issued) would be comprised of Series C СÓÅÊÓƵ Braves common stock in order to not dilute voting percentages. Therefore, the market price of Series C СÓÅÊÓƵ Braves common stock is used for the quarterly mark-to-market adjustment through the unaudited attributed condensed consolidated statements of operations. The notional shares representing the intergroup interest have no impact on the basic earnings per share weighted average number of shares outstanding. However, the notional shares representing the intergroup interest are included in the diluted earnings per share WASO as if the shares had been issued and outstanding during the period. An adjustment is also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interest to fair value during the period as follows:
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Ìý
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Ìý
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April 15, 2016
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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Ìý
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Ìý
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through
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Ìý
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ended
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Ìý
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through
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ended
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Ìý
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ÌýÌýÌýÌý
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June 30, 2016
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ÌýÌýÌýÌý
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June 30, 2015
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ÌýÌýÌýÌý
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June 30, 2016
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Ìý
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June 30, 2015
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Ìý
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Ìý
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$
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amountsÌýinÌýmillions
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Ìý
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Basic earnings (loss) attributable to СÓÅÊÓƵ Braves shareholders
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Ìý
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32
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Ìý
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NA
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Ìý
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32
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Ìý
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NA
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Ìý
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Unrealized (gain) loss on the intergroup interest
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Ìý
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(27)
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Ìý
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NA
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Ìý
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(27)
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Ìý
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NA
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Ìý
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Diluted earnings (loss) attributable to СÓÅÊÓƵ Braves shareholders
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$
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5
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Ìý
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NA
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Ìý
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5
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Ìý
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NA
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Ìý
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Ìý
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| СÓÅÊÓƵ Media Group |
Ìý
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| Reconciliation of Basic and Diluted Weighted Average Shares |
|
Ìý
|
Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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Ìý
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СÓÅÊÓƵÌýMedia CommonÌýStock
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Ìý
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Ìý
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Ìý
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April 15, 2016
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Ìý
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ThreeÌýmonths
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Ìý
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April 15, 2016
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Ìý
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Six months
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Ìý
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Ìý
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Ìý
|
through
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Ìý
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ended
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Ìý
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through
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Ìý
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ended
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Ìý
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Ìý
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ÌýÌýÌýÌý
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June 30, 2016
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ÌýÌýÌýÌý
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June 30, 2015
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ÌýÌýÌýÌý
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June 30, 2016
|
Ìý
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June 30, 2015
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Ìý
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Ìý
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Ìý
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numbersÌýofÌýsharesÌýinÌýmillions
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Ìý
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|
Basic WASO
|
Ìý
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83
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Ìý
|
NA
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Ìý
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83
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Ìý
|
NA
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Ìý
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Potentially dilutive shares
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Ìý
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1
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Ìý
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NA
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Ìý
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1
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Ìý
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NA
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Ìý
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Diluted WASO
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Ìý
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84
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Ìý
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NA
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Ìý
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84
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Ìý
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NA
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Ìý
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Ìý
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