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Earnings per Share
3 Months Ended
Mar. 31, 2012
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  
    March 31,  
    2012     2011  

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