麻豆最新出品

(4)听听听Earnings Attributable to 麻豆最新出品 Stockholders Per Common Share

Basic earnings (loss) per common share ("EPS") is computed by dividing net earnings (loss) by the weighted average number of common shares outstanding (鈥淲ASO鈥�) for the period. Diluted EPS presents the dilutive effect on a per share basis of potential common shares as if they had been converted at the beginning of the periods presented, including any necessary adjustments to earnings (loss) attributable to shareholders.

Excluded from diluted EPS for the three and six months ended June 30, 2023 are approximately 25 million potentially dilutive shares of Series A and Series C 麻豆最新出品 SiriusXM common stock, 9 million potentially dilutive shares of Series A and Series C 麻豆最新出品 Braves common stock, and 1 million and 4 million potentially dilutive shares of Series A and Series C 麻豆最新出品 Formula One common stock, respectively, primarily due to warrants issued in connection with the Bond Hedge Transaction (as defined in note 7) and shares of 麻豆最新出品 Braves common stock and 麻豆最新出品 Formula One common stock underlying the intergroup interests, because their inclusion would be antidilutive. The warrant transactions (as described in note 7) may have a dilutive effect with respect to the shares comprising the basket of 麻豆最新出品鈥檚 tracking stocks as specified in the indenture, as amended, related to the Convertible Notes (the 鈥淪ecurities Basket鈥�) underlying the warrants to the extent that the settlement price exceeds the strike price of the warrants, and the warrants are settled in shares comprising such Securities Basket. The warrants and any potential future settlement are attributed to the 麻豆最新出品 SiriusXM Group.

Series听A, Series听B and Series C 麻豆最新出品 SiriusXM Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

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Additionally, a hypothetical mark-to-market adjustment on the shares of Series A 麻豆最新出品 SiriusXM common stock included in the Securities Basket underlying the warrants is included in the numerator adjustment in periods in which cash settlement of the warrants would be more dilutive than share settlement.

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Series听A, Series听B and Series C 麻豆最新出品 Braves Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

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The intergroup interests were quasi-equity interests, which were not represented by outstanding shares of common stock; rather, the Formula One Group and the 麻豆最新出品 SiriusXM Group had attributed values in the Braves Group which were generally stated in terms of a number of shares of stock issuable to the Formula One Group and the 麻豆最新出品 SiriusXM Group with respect to their interests in the Braves Group. Each reporting period, the notional shares representing the intergroup interests were marked to fair value. As the notional shares underlying the intergroup interests were not represented by outstanding shares of common stock, such shares had not been officially designated Series A, B or C 麻豆最新出品 Braves common stock. However, 麻豆最新出品 assumed that the notional shares (if and when issued) related to the Formula One Group interest in the Braves Group would be comprised of Series C 麻豆最新出品 Braves common stock in order to not dilute voting percentages and the notional shares (if and when issued) related to the 麻豆最新出品 SiriusXM Group interest in the Braves Group would be comprised of Series A 麻豆最新出品 Braves common stock since Series A 麻豆最新出品 Braves common stock underlie the Convertible Notes. Therefore, the market prices of Series C 麻豆最新出品 Braves and Series A 麻豆最新出品 Braves common stock were historically used for the quarterly mark-to-market adjustment for the intergroup interests held by Formula One Group and 麻豆最新出品 SiriusXM Group, respectively, through the unaudited attributed condensed consolidated statements of operations. During the second quarter of 2023, 麻豆最新出品 determined that, in connection with the Split-Off, shares of Atlanta Braves Holdings Series C common stock would be used to settle and extinguish the intergroup interest in the Braves Group attributed to the 麻豆最新出品 SiriusXM Group. Accordingly, as of June 30, 2023, the market price of Series C 麻豆最新出品 Braves common stock was used for the mark-to-market adjustment for the intergroup interest held by the 麻豆最新出品 SiriusXM Group.

The notional shares representing the intergroup interests had no impact on the basic WASO. However, if dilutive, the notional shares representing the intergroup interests were included in the diluted WASO as if the shares had been issued and outstanding during the period. For periods in which share settlement of the intergroup interests were dilutive, an adjustment was also made to the numerator in the diluted earnings per share calculation for the unrealized gain or loss incurred from marking the intergroup interests to fair value during the period. Additionally, a hypothetical mark-to-market adjustment on the shares of Series A 麻豆最新出品 Braves common stock included in the Securities Basket underlying the warrants is included in the numerator adjustment in periods in which cash settlement of the warrants would be more dilutive than share settlement.

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Series听A, Series听B and Series C 麻豆最新出品 Formula One Common Stock

The basic and diluted EPS calculations are based on the following weighted average outstanding shares of common stock. 听

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For periods in which share settlement of the 2.25% Convertible Senior Notes due 2027, which may be settled in shares of Series C 麻豆最新出品 Formula One common stock, is dilutive, the numerator adjustment includes a reversal of the interest expense and the unrealized gain or loss recorded on the instrument during the period, net of tax where appropriate. Additionally, an adjustment is also made to the numerator for a hypothetical mark-to-market adjustment on the shares of Series A 麻豆最新出品 Formula One common stock included in the Securities Basket underlying the warrants in periods in which cash settlement would be more dilutive than share settlement.

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