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Earnings per share
 9 Months Ended
Sep. 23, 2012
Earnings per share [Abstract]  
Earnings per share

NOTE 12 – Earnings per share

The Company’s earnings per share (basic and diluted) are presented below:

 

                                 
(in thousands except per share amounts)   Thirteen weeks ended     Thirty-nine weeks ended  
    Sept. 23, 2012     Sept. 25, 2011     Sept. 23, 2012     Sept. 25, 2011  

Net income attributable to Gannett Co., Inc.

   $ 133,083     $ 99,788     $ 321,195     $ 341,808  
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average number of common shares outstanding - basic

     230,556       239,688       233,390       239,897  

Effect of dilutive securities

                                

Stock options

     729       1,586       849       1,501  

Restricted stock

     2,806       2,076       2,643       2,153  

Performance share units

     1,459       —         817       —    
   

 

 

    

 

 

    

 

 

    

 

 

  

Weighted average number of common shares outstanding - diluted

     235,550       243,350       237,699       243,551  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income per share-basic

   $ 0.58     $ 0.42     $ 1.38     $ 1.42  
   

 

 

    

 

 

    

 

 

    

 

 

  

Net income per share-diluted

   $ 0.56     $ 0.41     $ 1.35     $ 1.40  
   

 

 

    

 

 

    

 

 

    

 

 

  

The diluted earnings per share amounts exclude the effects of approximately 13.7 million and 20.7 million stock options outstanding for 2012 and 2011 quarter to date, respectively, and 15.4 million and 19.2 million for 2012 and 2011 year–to-date, respectively, as their inclusion would be anti dilutive.