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Earnings per share
 12 Months Ended
Dec. 31, 2011
Earnings per share
17. Earnings per share

 

The following table presents a reconciliation of the income and share data used in the basic and diluted earnings per share (“EPS”) computations for the dates indicated:

 

(In thousands of US$, except per share amounts)   Year ended December 31,  
    2011     2010     2009  
                   
Net income attributable to Bladex for both basic and diluted EPS     83,180       42,244       54,862  
                         
Weighted average common shares outstanding - applicable to basic EPS     36,969       36,647       36,493  
Basic earnings per share     2.25       1.15       1.50  
                         
Weighted average common shares outstanding applicable to diluted EPS     36,969       36,647       36,493  
Effect of dilutive securities (1):                        
Stock options and restricted stock units plans     176       167       78  
Adjusted weighted average common shares outstanding applicable to diluted EPS     37,145       36,814       36,571  
Diluted earnings per share     2.24       1.15       1.50  

 

(1) As of December 31, 2011, 2010 and 2009, weighted average options of 72,053, 760,284 and 769,790, respectively, were excluded from the computation of diluted earnings per share because the option’s exercise price was greater than the average quoted market price of the Bank’s common stock.