Thrifty Car Rental 2009 Annual Report Download - page 62

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3. EARNINGS PER SHARE
The computation of weighted average common and common equivalent shares used in the
calculation of basic and diluted EPS is shown below:
2009 2008 2007
(In Thousands, Except Share and Per Share Data)
Net income (loss) 45,022$ (346,718)$ 1,215$
Basic EPS:
Weighted average common shares 22,687,077 21,375,589 22,580,298
Basic EPS 1.98$ (16.22)$ 0.05$
Diluted EPS:
Weighted average common shares 22,687,077 21,375,589 22,580,298
Shares contingently issuable:
Stock options 762,673 - 168,075
Performance awards 255,775 - 283,161
Employee compensation shares deferred 105,402 - 414,518
Director compensation shares deferred 155,611 - 179,560
Shares applicable to diluted 23,966,538 21,375,589 23,625,612
Diluted EPS 1.88$ (16.22)$ 0.05$
Year Ended December 31,
At December 31, 2009 and 2008, 356,970 and 1,049,778 outstanding common stock equivalents
that were anti-dilutive were excluded from the computation of diluted EPS, respectively. At
December 31, 2007, all options to purchase shares of common stock were included in the
computation of diluted EPS because no exercise price was greater than the average market price of
the common shares.
4. RECEIVABLES
Receivables consist of the following:
2009 2008
Trade accounts receivable 76,288$ 105,759$
Other vehicle manufacturer receivables 24,907 109,859
Car sales receivable 5,677 17,717
Due from Chrysler 5,287 41,313
Other 16 116
112,175 274,764
Less allowance for doubtful accounts (7,530) (13,199)
104,645$ 261,565$
December 31,
(In Thousands)
61