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H&R Block 2013 Form 10-K 57
The computations of basic and diluted earnings per share from continuing operations are as follows:
(in 000s, except per share amounts)
Year ended April 30, 2013 2012 2011
Net income from continuing operations attributable to shareholders $ 465,158 $ 345,968 $ 392,547
Net income allocated to participating securities (542)(455)(1,007)
Net income from continuing operations attributable to common
shareholders $ 464,616 $ 345,513 $ 391,540
Basic weighted average common shares 273,057 297,863 309,230
Potential dilutive shares 1,302 738 547
Dilutive weighted average common shares 274,359 298,601 309,777
Earnings per share from continuing operations attributable to common
shareholders:
Basic 1.70 1.16 1.27
Diluted 1.69 1.16 1.27
Diluted earnings per share excludes the impact of shares of common stock issuable upon the lapse of certain
restrictions or the exercise of options to purchase 3.3 million, 8.9 million and 12.8 million shares of stock for fiscal
years 2013, 2012 and 2011, respectively, as the effect would be antidilutive.
NOTE 3: RECEIVABLES
Short-term receivables consist of the following:
(in 000s)
As of April 30, 2013 2012
Loans to franchisees $65,413 $61,252
Receivables for tax preparation and related fees 49,356 42,286
CashBack receivables 47,658 56,846
Emerald Advance lines of credit 23,218 23,717
Royalties from franchisees 10,722 5,781
Credit cards 7,733 —
Other 53,134 48,565
257,234 238,447
Allowance for doubtful accounts (50,399) (44,589)
$ 206,835 $193,858
The short-term portion of EAs, loans made to franchisees, CashBack balances and credit card balances is included
in receivables, while the long-term portion is included in other assets in the consolidated balance sheets. These amounts
are as follows:
(in 000s)
EAs Loans
to Franchisees CashBack Credit Cards
As of April 30, 2013:
Short-term $ 23,218 $ 65,413 $47,658 $7,733
Long-term 9,819 103,047 — 15,538
$ 33,037 $ 168,460 $ 47,658 $23,271
As of April 30, 2012:
Short-term $ 23,717 $ 61,252 $56,846 $—
Long-term 13,007 109,837 — —
$ 36,724 $ 171,089 $ 56,846 $—