XML 60 R44.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share (Tables)
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Earnings Per Share from Continuing Operations

The following table sets forth the computation of basic and diluted earnings per share from continuing operations (in thousands, except per share data):

 

     Year Ended December 31,  
     2013      2012      2011  

Numerator:

         

Income from continuing operations

    $ 24,989       $ 22,752       $ 19,139   
  

 

 

     

 

 

     

 

 

  

Denominator:

         

Basic

         

Weighted average common shares outstanding

      48,632         49,002         49,328   
  

 

 

     

 

 

     

 

 

  

Diluted

         

Stock Options(1)

      194         —         61   

Restricted stock awards(1)

      263         186         179   

Contingent shares(2)

      52         64         31   
  

 

 

     

 

 

     

 

 

  

Diluted weighted average common shares outstanding

      49,141         49,252         49,599   
  

 

 

     

 

 

     

 

 

  

Earnings Per Share:

         

Basic earnings per share from continuing operations

    $ 0.51       $ 0.46       $ 0.39   
  

 

 

     

 

 

     

 

 

  

Diluted earnings per share from continuing operations

    $ 0.51       $ 0.46       $ 0.39   
  

 

 

     

 

 

     

 

 

  

 

(1) For the years ended December 31, 2013, 2012 and 2011, a total of 6.1 million, 8.2 million and 6.4 million stock based awards, respectively, were excluded from the calculation of diluted earnings per share 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. See Note 19 for further discussion of acquisitions.