Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER SHARE

NOTE 2: EARNINGS PER SHARE

Basic earnings per share is based on the weighted-average number of common shares outstanding. Diluted earnings per share is based on the weighted-average number of common shares outstanding and all potential dilutive common shares. 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), deferred shares and shares that were vested, but deferred by the employee. The Company calculated basic and diluted earnings per share under both the treasury stock method and the two-class method. For the three and nine months ended September 30, 2011 and 2010, there was no impact in the per share amounts calculated under the two methods; therefore, the treasury stock method is disclosed.

The following represents amounts used in computing earnings per share and the effect on the weighted-average number of shares of dilutive common stock:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2011		2010		2011		2010
Numerator:
Income used in basic and diluted earnings per share:
Income from continuing operations, net of tax	$	41,755	$	44,062	$	64,542	$	99,370
Income from discontinued operations, net of tax		—		2,043		518		390
Net income attributable to Diebold, Incorporated	$	41,755	$	46,105	$	65,060	$	99,760
Denominator (in thousands):
Weighted-average number of common shares used in basic earnings per share		63,626		65,705		64,797		65,982
Effect of dilutive shares		560		716		507		587
Weighted-average number of shares used in diluted earnings per share		64,186		66,421		65,304		66,569
Basic earnings per share:
Net income from continuing operations	$	0.66	$	0.67	$	0.99	$	1.50
Income from discontinued operations		—		0.03		0.01		0.01
Net income attributable to Diebold, Incorporated	$	0.66	$	0.70	$	1.00	$	1.51
Diluted earnings per share:
Net income from continuing operations	$	0.65	$	0.66	$	0.99	$	1.49
Income from discontinued operations		—		0.03		0.01		0.01
Net income attributable to Diebold, Incorporated	$	0.65	$	0.69	$	1.00	$	1.50
Anti-dilutive shares (in thousands):
Anti-dilutive shares not used in calculating diluted weighted-average shares		2,280		2,160		2,278		2,047