Net income per basic share is based upon net income attributable to AMC Networks' stockholders divided by the weighted average number of shares of Class A and Class B Common Stock outstanding during the period. Net income per diluted share reflects the dilutive effects of AMC Networks' outstanding equity-based awards and the assumed conversion of the 4.25% Convertible Senior Notes due 2029 (the "Convertible Notes") issued in June 2024.


(In thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Net income attributable to AMC Networks' stockholders used for basic net income per share	$	41,382	$	63,424	$	57,951	$	237,273
Add: Convertible Notes interest expense, net of tax	1,144		—		1,260		—
Net income attributable to AMC Networks' stockholders used for diluted net income per share	$	42,526	$	63,424	$	59,211	$	237,273

Basic weighted average common shares outstanding	44,607		43,951		44,381		43,786
Effect of dilution:
Restricted stock units	257		90		456		119
Convertible Notes	11,285		—		4,201		—
Diluted weighted average common shares outstanding	56,149		44,041		49,038		43,905

Net income per share attributable to AMC Networks' stockholders:
Basic	$	0.93	$	1.44	$	1.31	$	5.42
Diluted	$	0.76	$	1.44	$	1.21	$	5.40

For the three and nine months ended September 30, 2024, 2.8 million of restricted stock units ("RSUs") have been excluded from the diluted weighted average common shares outstanding, as their impact would have been antidilutive.

For the three and nine months ended September 30, 2023, 1.9 million of RSUs have been excluded from diluted weighted average common shares outstanding, as their impact would have been antidilutive.

The Company's Board of Directors previously authorized a program to repurchase up to $1.5 billion of its outstanding shares of common stock (the "Stock Repurchase Program"). The Stock Repurchase Program has no pre-established termination date and may be suspended or discontinued at any time. For the three and nine months ended September 30, 2024 and 2023, the Company did not repurchase any shares of its Class A Common Stock. As of September 30, 2024, the Company had $135.3 million of authorization remaining for repurchase under the Stock Repurchase Program.