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Notes to Consolidated Financial Statements ManpowerGroup 2013 Annual Report 67
The calculation of net earnings per share — diluted was as follows:
Year Ended December 31 2013 2012 2011
Net earnings available to common shareholders $ 288.0 $ 197.6 $ 251.6
Weighted-average common shares outstanding (in millions) 78.0 79.5 81.6
Effect of dilutive securities — stock options (in millions) 0.8 0.3 0.7
Effect of other share-based awards (in millions) 0.8 0.3 0.5
79.6 80.1 82.8
Net earnings per share — diluted $ 3.62 $ 2.47 $ 3.04
There were certain share-based awards excluded from the calculation of net earnings per share — diluted for the year
ended December 31, 2013, 2012 and 2011, respectively, as the exercise prices for these awards were greater than the
average market price of the common shares during the period. The number, exercise prices and weighted-average
remaining life of these antidilutive awards were as follows:
2013 2012 2011
Shares (in thousands) 995 4,257 3,074
Exercise price ranges $67–$93 $40–$93 $52–$93
Weighted-average remaining life 5.2 years 4.8 years 6.3 years
05.
Income Taxes
The provision for income taxes was as follows:
Year Ended December 31 2013 2012 2011
Current
United States
Federal $ (0.8)$ 17.5 $ 24.2
State 3.4 9.6 2.8
Non-United States 167.9 155.3 176.5
Total current 170.5 182.4 203.5
Deferred
United States
Federal 21.0 (20.4) (2.3)
State 0.9 0.5 3.3
Non-United States (4.9) 8.3 23.8
Total deferred 17.0 (11.6) 24.8
Total provision $ 187.5 $ 170.8 $ 228.3
A reconciliation between taxes computed at the United States Federal statutory rate of 35% and the consolidated effective
tax rate is as follows:
Year Ended December 31 2013 2012 2011
Income tax based on statutory rate $ 166.4 $ 128.9 $ 168.0
Increase (decrease) resulting from:
Non-United States tax rate difference 27.7 40.8 40.6
Repatriation of non-United States earnings (20.5) (16.9) 11.1
State income taxes, net of Federal benefit 3.2 6.7 5.2
Change in valuation reserve (0.5) 4.7 (3.3)
Other, net 11.2 6.6 6.7
Tax provision $ 187.5 $ 170.8 $ 228.3