Pitney Bowes 2010 Annual Report Download - page 112

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share data)
93
20. Earnings per Share
The calculation of basic and diluted earnings per share for the years ended December 31, 2010, 2009 and 2008 is presented below.
Note that the sum of the earnings per share amounts may not equal the total due to rounding.
2010 2009 2008
Numerator:
Amounts attributable to common stockholders:
Income from continuing operations, net of tax $ 310,483 $ 431,554 $ 447,493
Loss from discontinued operations (18,104) (8,109) (27,700)
Net income (numerator for diluted EPS) 292,379 423,445 419,793
Less: Preference stock dividend (65) (72) (77)
Income attributable to common stockholders
(numerator for basic EPS) $ 292,314 $ 423,373 $ 419,716
Denominator (in thousands):
Weighted average shares used in basic EPS 205,968 206,734 208,425
Effect of dilutive shares:
Preferred stock 2 3 3
Preference stock 501 568 601
Stock options and stock purchase plans 16 7 603
Other stock plans 266 10 67
Weighted average shares used in diluted EPS 206,753 207,322 209,699
Basic earnings per share:
Income from continuing operations $ 1.51 $ 2.09 $ 2.15
Loss from discontinued operations (0.09) (0.04) (0.13)
Net income $ 1.42 $ 2.05 $ 2.01
Diluted earnings per share:
Income from continuing operations $ 1.50 $ 2.08 $ 2.13
Loss from discontinued operations (0.09) (0.04) (0.13)
Net income $ 1.41 $ 2.04 $ 2.00
Anti-dilutive shares (in thousands):
Anti-dilutive shares not used in calculating
diluted weighted average shares 15,168 18,319 15,749