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Earnings Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
11. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and six months ended June 30, 2013 and 2012 (in thousands, except per share data).

 

     Three Months Ended      Six Months Ended  
     June 30,      June 30,  
     2013      2012      2013      2012  

Numerator:

            

Income from continuing operations

    $ 5,451       $ 3,755       $ 22,354       $ 20,947   
  

 

 

     

 

 

     

 

 

     

 

 

  

Denominator:

            

Basic

            

Weighted average common shares outstanding

      49,639         49,040         49,535         49,074   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted

            

Stock options (1)

      56         —           41         —     

Restricted stock awards

      172         93         253         206   

Contingent shares (2)

      62         111         62         111   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted weighted average common shares outstanding

      49,929         49,244         49,891         49,391   
  

 

 

     

 

 

     

 

 

     

 

 

  

Basic earnings per share from continuing operations

    $ 0.11       $ 0.08       $ 0.45       $ 0.42   
  

 

 

     

 

 

     

 

 

     

 

 

  

Diluted earnings per share from continuing operations

    $ 0.11       $ 0.08       $ 0.45       $ 0.42   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(1) A total of 7.8 million and 7.7 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2013, respectively, and a total of 7.5 million and 7.4 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2012, respectively, as they were 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.