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Earnings Per Share
12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

17. EARNINGS PER SHARE

Basic EPS is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding for the period. Diluted EPS reflects the assumed conversion of dilutive securities.

Basic and diluted EPS for the years ended December 31, 2011, 2010 and 2009 are calculated as follows:

 

      September 30,       September 30,       September 30,  
    For the Years Ended December 31,  

(in thousands, except per share data)

  2011     2010     2009  
       

Net Income Attributable to Altisource

  $ 71,112     $ 49,271     $ 25,971  
   

 

 

   

 

 

   

 

 

 
       

Weighted-Average Common Shares Outstanding,

                       

Basic

    24,373       25,083       24,062  

Dilutive Effect of Stock Options

    1,312       1,176       196  

Dilutive Effect of Restricted Shares

    —         —         3  
   

 

 

   

 

 

   

 

 

 

Weighted-Average Common Shares Outstanding,

                       

Diluted

    25,685       26,259       24,261  
   

 

 

   

 

 

   

 

 

 
       

Earnings Per Share

                       

Basic

  $ 2.92     $ 1.96     $ 1.08  
   

 

 

   

 

 

   

 

 

 

Diluted

  $ 2.77     $ 1.88     $ 1.07  
   

 

 

   

 

 

   

 

 

 

A total of 0.1 million options that were anti-dilutive have been excluded from the computation of diluted EPS for each of the years ended December 31, 2011 and 2010 (negligible amount for 2009). These options were anti-dilutive because their exercise price was greater than the average market price of our stock. Also excluded from the computation of diluted EPS are 0.3 million options for December 31, 2011, and 0.7 million options for each of 2010 and 2009 respectively, granted for shares that are issuable upon the achievement of certain market and performance criteria related to our stock price and an annualized rate of return to investors that have not been met at this point.