Pitney Bowes 2009 Annual Report Download - page 109

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
91
Nonpension
Gross
Medicare Part
D Subsidy Net
For the year ending 12/31/10 $ 29,182 $ (2,954) $ 26,228
For the year ending 12/31/11 28,189 (3,188) 25,001
For the year ending 12/31/12 27,009 (3,439) 23,570
For the year ending 12/31/13 25,792 (3,696) 22,096
For the year ending 12/31/14 24,831 (3,903) 20,928
For the years ending 12/31/15-12/31/19 112,379 (17,215) 95,164
$ 247,382 $ (34,395) $ 212,987
20. Earnings per Share
A reconciliation of the basic and diluted earnings per share computations for income from continuing operations for the years ended
December 31, 2009, 2008 and 2007 is as follows:
2009
(Weighted average shares in thousands)
Income
Weighted
Average
Shares Per Share
Pitney Bowes Inc. net income $ 423,445
Less:
Preferred stock dividends -
Preference stock dividends (72)
Basic earnings per share $ 423,373 206,734 $ 2.05
Basic earnings per share $ 423,373 206,734
Effect of dilutive securities:
Preferred stock - 3
Preference stock 72 568
Stock options and stock purchase plans - 7
Other stock plans - 10
Diluted earnings per share $ 423,445 207,322 $ 2.04
Basic earnings per share of common stock attributable to Pitney Bowes Inc. common stockholders:
Continuing operations $ 2.09
Discontinued operations (0.04)
Net income $ 2.05
Diluted earnings per share of common stock attributable to Pitney Bowes Inc. common stockholders:
Continuing operations $ 2.08
Discontinued operations (0.04)
Net income $ 2.04
Note: The sum of the earnings per share amounts may not equal the totals above due to rounding.