Net Income per Common Share Attributable to Magellan Health, Inc. (Tables)

9 Months Ended

Sep. 30, 2014

Net Income per Common Share Attributable to Magellan Health, Inc.

Computation of basic and diluted earnings per share

The following tables reconcile income attributable to common shareholders (numerator) and shares (denominator) used in the computations of net income per share attributable to common shareholders (in thousands, except per share data):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2014		2013		2014
Numerator:
Net income attributable to Magellan Health, Inc.	$	47,232	$	27,133	$	106,770	$	57,839
Denominator:
Weighted average number of common shares outstanding—basic		26,990		26,703		26,976		27,070
Common stock equivalents—stock options		655		404		539		517
Common stock equivalents—restricted stock		4		133		11		77
Common stock equivalents—restricted stock units		54		—		35		18
Common stock equivalents—employee stock purchase plan		1		2		2		2
Weighted average number of common shares outstanding—diluted		27,704		27,242		27,563		27,684
Net income attributable to Magellan Health, Inc. per common share—basic	$	1.75	$	1.02	$	3.96	$	2.14
Net income attributable to Magellan Health, Inc. per common share—diluted	$	1.70	$	1.00	$	3.87	$	2.09