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ManpowerGroup | Annual Report 2014 69
Notes to Consolidated Financial Statements
Other Stock Plans
Under the 1990 Employee Stock Purchase Plan, designated employees meeting certain service requirements may purchase
shares of our common stock through payroll deductions. These shares may be purchased at their fair market value on a
monthly basis. The current plan is non-compensatory according to the accounting guidance on share-based payments.
We also maintain the Savings Related Share Option Scheme for United Kingdom employees with at least one year of
service. The employees are offered the opportunity to obtain an option for a specified number of shares of common stock
at not less than 85% of its market value on the day prior to the offer to participate in the plan. Options vest after either three,
five or seven years, but may lapse earlier. Funds used to purchase the shares are accumulated through specified payroll
deductions over a 60-month period. We recognized an expense of $0.1, $0.2, and $0.2 for shares purchased under the
plan in 2014, 2013 and 2012, respectively.
Note 04. Net Earnings Per Share
The calculation of net earnings per share — basic was as follows:
Year Ended December 31 2014 2013 2012
Net earnings available to common shareholders $ 427.6 $ 288.0 $ 197.6
Weighted-average common shares outstanding (in millions) 79.5 78.0 79.5
Net earnings per share — basic $ 5.38 $ 3.69 $ 2.49
The calculation of net earnings per share — diluted was as follows:
Year Ended December 31 2014 2013 2012
Net earnings available to common shareholders $ 427.6 $ 288.0 $ 197.6
Weighted-average common shares outstanding (in millions) 79.5 78.0 79.5
Effect of dilutive securities — stock options (in millions) 0.6 0.8 0.3
Effect of other share-based awards (in millions) 0.6 0.8 0.3
80.7 79.6 80.1
Net earnings per share — diluted $ 5.30 $ 3.62 $ 2.47
There were certain share-based awards excluded from the calculation of net earnings per share — diluted for the year
ended December 31, 2014, 2013 and 2012, 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:
2014 2013 2012
Shares (in thousands) 692 995 4,257
Exercise price ranges $76–$93 $67–$93 $40–$93
Weighted-average remaining life 4.1 years 5.2 years 4.8 years