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

Basic earnings per share is based on the weighted-average number of common shares outstanding. Diluted earnings per share includes the dilutive effect of potential common shares outstanding. Under the two-class method of computing earnings per share, non-vested share-based payment awards that contain rights to receive non-forfeitable dividends are considered participating securities. The Company’s participating securities include restricted stock units (RSUs), director deferred shares and shares that were vested but deferred by employees. The Company calculated basic and diluted earnings per share under both the treasury stock method and the two-class method. For the years presented there were no differences in the earnings per share amounts calculated using the two methods. Accordingly, the treasury stock method is disclosed below.

The following table represents amounts used in computing earnings per share and the effect on the weighted-average number of shares of dilutive potential common shares for the years ended December 31:
 
2011
 
2010
 
2009
Numerator:
 
 
 
 
 
Income (loss) used in basic and diluted earnings per share:
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
144,292

 
$
(20,527
)
 
$
73,102

Income (loss) from discontinued operations, net of tax
523

 
275

 
(47,076
)
Net income (loss) attributable to Diebold, Incorporated
$
144,815

 
$
(20,252
)
 
$
26,026

Denominator (in thousands):
 
 
 
 
 
Weighted-average number of common
     shares used in basic earnings per share
64,244

 
65,907

 
66,257

Effect of dilutive shares (a)
548

 

 
610

Weighted-average number of shares used in
      diluted earnings per share
64,792

 
65,907

 
66,867

Basic earnings per share:
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
2.24

 
$
(0.31
)
 
$
1.10

Income (loss) from discontinued operations, net of tax
0.01

 

 
(0.71
)
Net income (loss) attributable to Diebold, Incorporated
$
2.25

 
$
(0.31
)
 
$
0.39

Diluted earnings per share:
 
 
 
 
 
Income (loss) from continuing operations, net of tax
$
2.23

 
$
(0.31
)
 
$
1.09

Income (loss) from discontinued operations, net of tax
0.01

 

 
(0.70
)
Net income (loss) attributable to Diebold, Incorporated
$
2.24

 
$
(0.31
)
 
$
0.39

 
 
 
 
 
 
Anti-dilutive shares (in thousands):
 
 
 
 
 
Anti-dilutive shares not used in calculating diluted
      weighted-average shares
2,270

 
2,658

 
2,360

(a)
Incremental shares of 632,000 were excluded from the computation of diluted EPS for the year ended December 31, 2010 because their effect is anti-dilutive due to the loss from continuing operations.