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Earnings Per Share
 9 Months Ended
Sep. 30, 2015
Earnings Per Share  
Earnings Per Share

13.  Earnings Per Share

 

The following table sets forth the computation of basic and diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Three months ended  September 30,

 

 

    

2015

    

2014

 

Numerator:

 

 

    

 

 

    

 

Net earnings attributable to the Company

 

$
17

 

$
60

 

Denominator (in thousands):

 

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 
160,730

 

 
164,798

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Stock options and other

 

 
882

 

 
1,340

 

Denominator for diluted earnings per share-adjusted weighted average shares outstanding

 

 
161,612

 

 
166,138

 

Basic earnings per share:

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
0.11

 

$
0.37

 

Loss from discontinued operations

 

 
(0.01)

 

 

 

 

Net earnings

 

$
0.10

 

$
0.37

 

Diluted earnings per share:

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
0.11

 

$
0.37

 

Loss from discontinued operations

 

 
(0.01)

 

 

 

 

Net earnings

 

$
0.10

 

$
0.37

 

 

Options to purchase 2,069,000 and 997,554 weighted average shares of common stock which were outstanding during the three months ended September 30, 2015 and 2014, respectively, were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares.

 

 

 

 

 

 

 

 

 

 

 

Nine months ended September 30,

 

 

    

2015

    

2014

 

Numerator:

 

 

    

 

 

    

 

Net earnings attributable to the Company

 

$
128

 

$
275

 

Denominator (in thousands):

 

 

 

 

 

 

 

Denominator for basic earnings per share-weighted average shares outstanding

 

 
161,284

 

 
164,821

 

Effect of dilutive securities:

 

 

 

 

 

 

 

Stock options and other

 

 
980

 

 
1,366

 

Denominator for diluted earnings per share-adjusted weighted average shares outstanding

 

 
162,264

 

 
166,187

 

Basic earnings per share:

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
0.81

 

$
1.80

 

Loss from discontinued operations

 

 
(0.02)

 

 
(0.13)

 

Net earnings

 

$
0.79

 

$
1.67

 

Diluted earnings per share:

 

 

 

 

 

 

 

Earnings from continuing operations

 

$
0.81

 

$
1.79

 

Loss from discontinued operations

 

 
(0.02)

 

 
(0.13)

 

Net earnings

 

$
0.79

 

$
1.66

 

 

Options to purchase 1,872,891 and 660,479 weighted average shares of common stock which were outstanding during the nine months ended September 30, 2015 and 2014, respectively, were not included in the computation of diluted earnings per share because the options’ exercise price was greater than the average market price of the common shares.