Net Income Per Common Share

12 Months Ended

Dec. 31, 2012

Net Income Per Common Share

Net Income Per Common Share

Note C. Net Income Per Common Share

        Companies are required to present basic and diluted earnings per share. Basic net income per share is computed by dividing net income attributable to Standard Parking Corporation by the weighted average number of shares of common stock outstanding during the period. Diluted net income per share is based upon the weighted average number of shares of common stock outstanding for the period plus dilutive potential common shares, including stock options and restricted stock units using the treasury-stock method.

        A reconciliation of the weighted average basic shares outstanding to the weighted average diluted shares outstanding is as follows:

	Year Ended December 31,
	2012		2011		2010
	(In thousands except for share and per share data)
Net income attributable to Standard Parking Corporation	$	3,120	$	17,900	$	16,840
Weighted average basic shares outstanding		17,179,606		15,703,595		15,579,352
Effect of dilutive stock options and restricted stock units		310,598		344,284		365,310
Weighted average diluted shares outstanding		17,490,204		16,047,879		15,944,662
Net income per share:
Basic	$	0.18	$	1.14	$	1.08
Diluted	$	0.18	$	1.12	$	1.06

        There are no additional securities that could dilute basic net income per share in the future that were not included in the computation of diluted net income per share, other than those disclosed.