Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share

10. Earnings Per Share

Basic and diluted earnings per share for each period presented have been computed by dividing income from continuing operations, discontinued operations, net of tax and net income attributable to Gentiva shareholders, by the weighted average number of shares outstanding for each respective period. The computations of the basic and diluted per share amounts relating to income from continuing operations attributable to Gentiva shareholders were as follows (in thousands, except per share amounts):

	For the Three Months Ended				For the Six Months Ended
	June 30, 2011		July 4, 2010		June 30, 2011		July 4, 2010
Income from continuing operations attributable to Gentiva shareholders	$	5,189	$	20,223	$	18,641	$	30,529
Basic weighted average common shares outstanding		30,293		29,770		30,210		29,715
Shares issuable upon the assumed exercise of stock options and under stock plans for employees and directors using the treasury stock method		553		848		599		853
Diluted weighted average common shares outstanding		30,846		30,618		30,809		30,568
Income from continuing operations attributable to Gentiva shareholders:
Basic earnings per common share	$	0.17	$	0.68	$	0.62	$	1.03
Diluted earnings per common share	$	0.17	$	0.66	$	0.61	$	1.00

For both the second quarter and first six months of 2011, approximately 1.1 million stock options were excluded from the computations of diluted earnings per share as compared to approximately 2.3 million and 2.9 million for the second quarter and first six months of 2010, respectively, as their inclusion would be anti-dilutive for the periods presented.