Pitney Bowes 2009 Annual Report Download - page 111

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
93
2007
(Weighted average shares in thousands)
Income
Weighted
Average
Shares Per Share
Pitney Bowes Inc. net income $ 366,781
Less:
Preferred stock dividends -
Preference stock dividends (81)
Basic earnings per share $ 366,700 218,444 $ 1.68
Basic earnings per share $ 366,700 218,444
Effect of dilutive securities:
Preferred stock - 3
Preference stock 81 638
Stock options and stock purchase plans - 2,028
Other stock plans - 107
Diluted earnings per share $ 366,781 221,220 $ 1.66
Basic earnings per share of common stock attributable to Pitney Bowes Inc. common stockholders:
Continuing operations $ 1.65
Discontinued operations 0.03
Net income $ 1.68
Diluted earnings per share of common stock attributable to Pitney Bowes Inc. common stockholders:
Continuing operations $ 1.63
Discontinued operations 0.03
Net income $ 1.66
Note: The sum of the earnings per share amounts may not equal the totals above due to rounding.
In accordance with the earnings per share accounting guidance, 6.0 million, 3.3 million and 0.5 million common stock equivalent
shares in 2009, 2008 and 2007, respectively, issuable upon the exercise of stock options were excluded from the above computations
because the exercise prices of such options were greater than the average market price of the common stock, and therefore the impact
of these shares was anti-dilutive.