|
The following table sets forth the computation of basic and diluted earnings per share from continuing operations for
the three and nine months ended September 30, 2011 and 2010 (in thousands, except per share data).
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
THREE MONTHS ENDED
SEPTEMBER 30, |
|
|
NINE MONTHS ENDED
SEPTEMBER 30, |
|
| |
|
2011 |
|
|
2010 |
|
|
2011 |
|
|
2010 |
|
|
Numerator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations
|
|
$ |
4,839 |
|
|
$ |
5,542 |
|
|
$ |
29,819 |
|
|
$ |
29,407 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average common shares outstanding
|
|
|
49,525 |
|
|
|
59,108 |
|
|
|
49,488 |
|
|
|
60,680 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock options (1)
|
|
|
55 |
|
|
|
86 |
|
|
|
70 |
|
|
|
114 |
|
|
Restricted stock awards (1)
|
|
|
133 |
|
|
|
88 |
|
|
|
167 |
|
|
|
121 |
|
|
Contingent shares (2)
|
|
|
207 |
|
|
|
297 |
|
|
|
207 |
|
|
|
297 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted weighted average common shares outstanding
|
|
|
49,920 |
|
|
|
59,579 |
|
|
|
49,932 |
|
|
|
61,212 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share from continuing operations
|
|
$ |
0.10 |
|
|
$ |
0.09 |
|
|
$ |
0.60 |
|
|
$ |
0.48 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share from continuing operations
|
|
$ |
0.10 |
|
|
$ |
0.09 |
|
|
$ |
0.60 |
|
|
$ |
0.48 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
(1) |
A total of 6.9 million and 6.3 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended
September 30, 2011, respectively, and a total of 6.0 million and 5.2 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2010,
respectively, as their exercise prices would render them anti-dilutive. |
| |
(2) |
Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by CBIZ once future conditions have been
met. |
|