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Earnings Per Share | 6 Months Ended
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Jun. 30, 2016
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, 2016 and 2015 (in thousands, except per share data).
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 8,387 |  |  | $ | 6,685 |  |  | $ | 30,185 |  |  | $ | 26,188 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  |  | 52,031 |  |  |  | 49,464 |  |  |  | 51,802 |  |  |  | 48,809 |
Diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock options (1) |  |  | 814 |  |  |  | 868 |  |  |  | 811 |  |  |  | 829 |
Restricted stock awards (1) |  |  | 229 |  |  |  | 224 |  |  |  | 283 |  |  |  | 290 |
Contingent shares (2) |  |  | 5 |  |  |  | 118 |  |  |  | 5 |  |  |  | 118 |
Convertible senior subordinated notes (3) |  |  | — |  |  |  | 1,350 |  |  |  | — |  |  |  | 1,181 |
Diluted weighted average common shares outstanding |  |  | 53,079 |  |  |  | 52,024 |  |  |  | 52,901 |  |  |  | 51,227 |
Basic earnings per share from continuing operations |  | $ | 0.16 |  |  | $ | 0.14 |  |  | $ | 0.58 |  |  | $ | 0.54 |
Diluted earnings per share from continuing operations |  | $ | 0.16 |  |  | $ | 0.13 |  |  | $ | 0.57 |  |  | $ | 0.51 |
| (1) | A total of 1.7 million and 1.5 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2016, respectively, and a total of 1.5 million and 1.2 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2015, respectively, as their effect would be anti-dilutive.
| (2) | Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by CBIZ.
| (3) | The dilutive impact of potential shares to be issued upon conversion of the 2010 Notes is not applicable to the six months ended June 30, 2016 due to the maturation of the 2010 Notes in the fourth quarter of 2015.

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