Pitney Bowes 2012 Annual Report Download - page 101

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PITNEY BOWES INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Tabular dollars in thousands, except per share amounts)
83
19. Earnings per Share
The calculations of basic and diluted earnings per share are presented below. The sum of earnings per share amounts may not equal the
totals due to rounding.
Years Ended December 31,
2012 2011 2010
Numerator:
Amounts attributable to common stockholders:
Income from continuing operations $ 435,932 $ 400,556 $ 324,267
Income (loss) from discontinued operations 9,231 216,924 (31,888)
Net income (numerator for diluted EPS) 445,163 617,480 292,379
Less: Preference stock dividend (51)(58) (65)
Income attributable to common stockholders (numerator for basic EPS) $ 445,112 $ 617,422 $ 292,314
Denominator (in thousands):
Weighted-average shares used in basic EPS 200,389 201,976 205,968
Effect of dilutive shares:
Preferred stock 222
Preference stock 398 445 501
Stock plans 577 343 282
Weighted-average shares used in diluted EPS 201,366 202,766 206,753
Basic earnings per share:
Continuing operations $ 2.18 $ 1.98 $ 1.57
Discontinued operations 0.05 1.07 (0.15)
Net income - Pitney Bowes Inc. $ 2.22 $ 3.06 $ 1.42
Diluted earnings per share:
Continuing operations $ 2.16 $ 1.98 $ 1.57
Discontinued operations 0.05 1.07 (0.15)
Net income - Pitney Bowes Inc. $ 2.21 $ 3.05 $ 1.41
Anti-dilutive options excluded from diluted earnings per share (in thousands): 13,801 14,016 15,168