Advance Auto Parts 2014 Annual Report Download - page 77

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 3, 2015, December 28, 2013 and December 29, 2012
(in thousands, except per share data)
F-30
The following table illustrates the computation of basic and diluted earnings per share for 2014, 2013 and 2012,
respectively:
2014 2013 2012
Numerator
Net income applicable to common shares $ 493,825 $ 391,758 $ 387,670
Participating securities’ share in earnings (1,555)(895)(870)
Net income applicable to common shares $ 492,270 $ 390,863 $ 386,800
Denominator
Basic weighted average common shares 72,932 72,930 73,091
Dilutive impact of share-based awards 482 484 971
Diluted weighted average common shares 73,414 73,414 74,062
Basic earnings per common share
Net income applicable to common stockholders $ 6.75 $ 5.36 $ 5.29
Diluted earnings per common share
Net income applicable to common stockholders $ 6.71 $ 5.32 $ 5.22
15. Income Taxes:
Provision for Income Taxes
Provision for income taxes for 2014, 2013 and 2012 consists of the following:
Current Deferred Total
2014
Federal $ 204,743 $ 45,389 $ 250,132
State 19,359 4,830 24,189
Foreign 14,999 (1,751) 13,248
$ 239,101 $ 48,468 $ 287,569
2013
Federal $ 202,784 $ (1,898) $ 200,886
State 25,287 (339) 24,948
Foreign 8,806 — 8,806
$ 236,877 $ (2,237) $ 234,640
2012
Federal $ 185,564 $ 21,940 $ 207,504
State 20,116 4,953 25,069
Foreign 3,831 — 3,831
$ 209,511 $ 26,893 $ 236,404