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Earnings per Share
12 Months Ended
Dec. 31, 2013
Earnings per Share [Abstract]  
Earnings Per Share Disclosure

 

 

12.  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):  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2013

 

2012

 

2011

Numerator:

 

 

 

 

 

 

 

 

Income from continuing operations, net of taxes

$

217,268 

 

$

346,269 

 

$

335,894 

Less: Income from continuing operations attributable

 

 

 

 

 

 

 

 

to noncontrolling interests, net of taxes

 

76,065 

 

 

80,163 

 

 

75,675 

Income from continuing operations attributable to

 

 

 

 

 

 

 

 

Community Health Systems, Inc. common

 

 

 

 

 

 

 

 

stockholders — basic and diluted

$

141,203 

 

$

266,106 

 

$

260,219 

 

 

 

 

 

 

 

 

 

Loss from discontinued operations, net of taxes

$

 -

 

$

(466)

 

$

(58,271)

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)

 

$

(58,271)

 

 

 

 

 

 

 

 

 

Denominator:

 

 

 

 

 

 

 

 

Weighted-average number of shares outstanding — basic

 

92,633,332 

 

 

89,242,949 

 

 

89,966,933 

Effect of dilutive securities:

 

 

 

 

 

 

 

 

Restricted stock awards

 

448,567 

 

 

335,664 

 

 

327,652 

Employee stock options

 

714,560 

 

 

212,227 

 

 

361,554 

Other equity-based awards

 

18,554 

 

 

16,097 

 

 

10,209 

Weighted-average number of shares outstanding — diluted

 

93,815,013 

 

 

89,806,937 

 

 

90,666,348 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2013

 

2012

 

2011

Dilutive securities outstanding not included in

 

 

 

 

 

 

 

 

the computation of earnings per

 

 

 

 

 

 

 

 

share because their effect is antidilutive:

 

 

 

 

 

 

 

 

Employee stock options and restricted stock awards

 

 -

 

 

7,071,896 

 

 

6,432,281