Earnings per Share

6 Months Ended

Jun. 30, 2012

Earnings per Share [Abstract]

Earnings Per Share Disclosure

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 June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Numerator:
Income from continuing operations, net of taxes	$	102,167	$	92,874	$	201,885	$	184,479
Less: Income from continuing operations attributable to noncontrolling
interests, net of taxes		18,808		18,158		42,586		35,159
Income from continuing operations attributable to Community Health
Systems, Inc. common stockholders — basic and diluted	$	83,359	$	74,716	$	159,299	$	149,320
Loss from discontinued operations, net of taxes	$	-	$	(39,327)	$	(466)	$	(52,607)
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	$	-	$	(39,327)	$	(466)	$	(52,607)
Denominator:
Weighted-average number of shares outstanding — basic		89,147,472		91,130,672		88,911,126		91,069,876
Effect of dilutive securities:
Restricted stock awards		160,211		263,876		90,722		258,871
Employee stock options		214,353		381,632		180,876		623,662
Other equity-based awards		8,603		7,545		8,927		8,201
Weighted-average number of shares outstanding — diluted		89,530,639		91,783,725		89,191,651		91,960,610

	Three Months Ended June 30,				Six Months Ended June 30,
	2012		2011		2012		2011
Dilutive securities outstanding not included in the computation of earnings per share because their effect is antidilutive:
Employee stock options		6,774,748		6,726,417		6,895,140		5,560,855