| 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 |
|
| |
|
March 31, |
|
| |
|
2012 |
|
|
2011 |
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|
Numerator:
|
|
|
|
|
|
|
|
|
|
Income from continuing operations, net of taxes
|
|
$ |
99,718 |
|
|
$ |
91,605 |
|
|
Less: Income from continuing operations attributable to noncontrolling interests, net of taxes
|
|
|
23,778 |
|
|
|
17,001 |
|
| |
|
|
|
|
|
|
|
|
|
Income from continuing operations attributable to Community Health Systems, Inc. common stockholders — basic and
diluted
|
|
$ |
75,940 |
|
|
$ |
74,604 |
|
| |
|
|
|
|
|
|
|
|
|
Loss from discontinued operations, net of taxes
|
|
$ |
(466 |
) |
|
$ |
(13,280 |
) |
|
Less: Loss from discontinued operations attributable to noncontrolling interests, net of taxes
|
|
|
— |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
Loss from discontinued operations attributable to Community Health Systems, Inc. common stockholders — basic and
diluted
|
|
$ |
(466 |
) |
|
$ |
(13,280 |
) |
| |
|
|
|
|
|
|
|
|
|
Denominator:
|
|
|
|
|
|
|
|
|
|
Weighted-average number of shares outstanding — basic
|
|
|
88,674,779 |
|
|
|
91,008,405 |
|
| |
|
|
|
Effect of dilutive securities:
|
|
|
|
|
|
|
|
|
|
Restricted stock awards
|
|
|
21,233 |
|
|
|
253,866 |
|
|
Employee stock options
|
|
|
147,440 |
|
|
|
865,691 |
|
|
Other equity-based awards
|
|
|
9,252 |
|
|
|
8,857 |
|
| |
|
|
|
|
|
|
|
|
|
Weighted-average number of shares outstanding — diluted
|
|
|
88,852,704 |
|
|
|
92,136,819 |
|
| |
|
|
|
|
|
|
|
|
|
Dilutive securities outstanding not included in the computation of earnings per share because their effect is
antidilutive:
|
|
|
|
|
|
|
|
|
|
Employee stock options
|
|
|
6,869,031 |
|
|
|
4,395,292 |
|
| |
|
|
|
|
|
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