Pitney Bowes 2013 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)
90
20. Earnings per Share
The calculations of basic and diluted earnings per share are presented below. The amounts below have been revised from the amounts
previously filed to reflect the results of PBMS, the Nordic furniture business and IMS as discontinued operations (see Note 19). The sum
of earnings per share amounts may not equal the totals due to rounding.
Years Ended December 31,
2013 2012 2011
Numerator:
Amounts attributable to common stockholders:
Income from continuing operations $ 301,733 $ 395,684 $ 437,593
(Loss) income from discontinued operations (158,898)49,479 179,887
Net income (numerator for diluted EPS) 142,835 445,163 617,480
Less: Preference stock dividend (46)(51) (58)
Income attributable to common stockholders (numerator for basic EPS) $ 142,789 $ 445,112 $ 617,422
Denominator (in thousands):
Weighted-average shares used in basic EPS 201,614 200,389 201,976
Effect of dilutive shares:
Preferred stock 222
Preference stock 381 398 445
Stock plans 960 577 343
Weighted-average shares used in diluted EPS 202,957 201,366 202,766
Basic earnings per share:
Continuing operations $ 1.50 $ 1.97 $ 2.17
Discontinued operations (0.79)0.25 0.89
Net income - Pitney Bowes Inc. $ 0.71 $ 2.22 $ 3.06
Diluted earnings per share:
Continuing operations $ 1.49 $ 1.96 $ 2.16
Discontinued operations (0.78)0.25 0.89
Net income - Pitney Bowes Inc. $ 0.70 $ 2.21 $ 3.05
Anti-dilutive options excluded from diluted earnings per share (in thousands): 12,448 13,801 14,016