Earnings per Share

6 Months Ended

Jun. 30, 2011

Earnings per Share [Abstract]

EARNINGS PER SHARE

8. EARNINGS PER SHARE

     The following table sets forth the components of the numerator and denominator for the computation of basic and diluted earnings per share for income from continuing operations, discontinued operations and net income attributable to Community Health Systems, Inc. common stockholders (in thousands, except share data):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2011			2010			2011			2010
Numerator:
Income from continuing operations, net of taxes	$	92,874		$	88,379		$	184,479		$	172,736
Less: Income from continuing operations attributable to noncontrolling interests, net of taxes		18,158			16,313			35,159			31,332
Income from continuing operations attributable to Community Health Systems, Inc. common stockholders — basic and diluted	$	74,716		$	72,066		$	149,320		$	141,404
Loss from discontinued operations, net of taxes	$	(39,327	)	$	(2,037	)	$	(52,607	)	$	(1,398	)
Less: Loss from discontinued operations attributable to noncontrolling interests, net of taxes		—			(36	)		—			(66	)
Loss from discontinued operations attributable to Community Health Systems, Inc. common stockholders — basic and diluted	$	(39,327	)	$	(2,001	)	$	(52,607	)	$	(1,332	)
Denominator:
Weighted-average number of shares outstanding — basic		91,130,672			93,358,771			91,069,876			92,491,839
Effect of dilutive securities:
Restricted stock awards		263,876			522,496			258,871			423,442
Employee stock options		381,632			815,455			623,662			847,380
Other equity-based awards		7,545			15,197			8,201			16,340
Weighted-average number of shares outstanding — diluted		91,783,725			94,711,919			91,960,610			93,779,001

Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:

Employee stock options 6,726,417 3,503,906 5,560,855 4,432,069