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62 ManpowerGroup 2011 Annual Report Notes to Consolidated Financial Statements
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
in millions, except share and per share data
04.
Net Earnings (Loss) Per Share
The calculation of Net earnings (loss) per share — basic was as follows:
Yea r E n ded De cem ber 31 2 011 2010 2009
Net earnings (loss) available to common shareholders $ 251.6 $ (263.6) $ (9.2)
Weighted-average common shares outstanding (in millions) 81.6 81.0 78.3
Total $ 3.08 $ (3.26) $ (0.12)
The calculation of Net earnings (loss) per share — diluted was as follows:
Yea r E n ded De cem ber 31 2 011 2010 2009
Net earnings (loss) available to common shareholders $ 251.6 $ (263.6) $ (9.2)
Weighted-average common shares outstanding (in millions) 81.6 81.0 78.3
Effect of dilutive securities — stock options (in millions) 0.7 – –
Effect of other share-based awards (in millions) 0.5 – –
82.8 81.0 78.3
Total $ 3.04 $ (3.26) $ (0.12)
There were 3.1 million share-based awards excluded from the calculation of Net earnings per share — diluted for the year
ended December 31, 2011 as the exercise prices for these awards were greater than the average market price of the common
shares during the period. Due to the net loss for the years ended December 31, 2010 and 2009, the assumed exercise of
share-based awards had an antidilutive effect and therefore was not included in the calculation of Net loss per share — diluted.
The number, exercise prices and weighted-average remaining life of these antidilutive awards were as follows:
2011 2010 2009
Shares (in thousands) 3,074 6,583 6,231
Exercise price ranges $52–$93 $11–$93 $9–$93
Weighted-average remaining life 6.3 years 5.8 years 6.2 years
05.
Income Taxes
The Provision for income taxes was as follows:
Yea r E n ded De cem ber 31 2 011 2010 2009
Current
United States
Federal $ 24.2 $ 37.4 $ (31.8)
State 2.8 3.2 6.8
Non-U.S. 176.5 126.3 40.5
Total current 203.5 166.9 15.5
Deferred
United States
Federal (2.3 ) (81.1) (3.5)
State 3.3 (2.9) (4.6)
Non-U.S. 23.8 15.5 (21.1)
Total deferred 24.8 (68.5) (29.2)
Total provision $ 228.3 $ 98.4 $ (13.7)