Earnings per Share

9 Months Ended

Sep. 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				Nine Months Ended
	September 30,				September 30,
	2012		2011		2012		2011
Numerator:
Income from continuing operations, net of taxes	$	58,758	$	95,800	$	260,643	$	280,279
Less: Income from continuing operations attributable to
noncontrolling interests, net of taxes		14,525		18,327		57,111		53,486
Income from continuing operations attributable to Community
Health Systems, Inc. common stockholders — basic and diluted	$	44,233	$	77,473	$	203,532	$	226,793
Loss from discontinued operations, net of taxes	$	-	$	(3,169)	$	(466)	$	(55,776)
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	$	-	$	(3,169)	$	(466)	$	(55,776)
Denominator:
Weighted-average number of shares outstanding — basic		89,259,950		89,412,310		89,028,249		90,513,665
Effect of dilutive securities:
Restricted stock awards		449,811		307,631		210,418		275,561
Employee stock options		280,495		128,371		214,082		458,685
Other equity-based awards		18,857		9,271		12,238		8,558
Weighted-average number of shares outstanding — diluted		90,009,113		89,857,583		89,464,987		91,256,469

	Three Months Ended September 30,				Nine Months Ended September 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		6,529,182		6,909,075		6,776,487		6,010,261