Note 9. Earnings Per Share
The following chart sets forth the computation of earnings per share (in thousands, except per share amounts):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Income from continuing operations |
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$ |
46,706 |
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$ |
37,906 |
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$ |
104,888 |
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$ |
89,889 |
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Denominator for basic earnings per share—Weighted-average shares outstanding |
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145,917 |
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142,842 |
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145,765 |
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142,520 |
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Effect of dilutive securities: |
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Stock options |
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2,107 |
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2,637 |
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2,113 |
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2,771 |
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Restricted stock |
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27 |
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17 |
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26 |
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16 |
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RSUs |
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80 |
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— |
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103 |
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— |
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Denominator for diluted earnings per share—Adjusted weighted-average shares outstanding |
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148,131 |
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145,496 |
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148,007 |
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145,307 |
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Basic earnings per share from continuing operations |
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$ |
0.32 |
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$ |
0.27 |
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$ |
0.72 |
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$ |
0.63 |
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Diluted earnings per share from continuing operations |
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$ |
0.32 |
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$ |
0.26 |
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$ |
0.71 |
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$ |
0.62 |
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The following table sets forth the number of employee stock-based compensation awards outstanding but not included in the computation of diluted earnings per share because their effect would have been antidilutive (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Antidilutive securities: |
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Stock options |
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1,554 |
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3,051 |
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1,567 |
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3,051 |
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