Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share

Earnings Per Share

11. Earnings Per Share

The following table presents earnings per weighted average common share outstanding for the three and nine months ended September 30, 2013 and 2012:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
Basic earnings per share:
Income from continuing operations attributable to common shareholders	$	2.06	$	2.23	$	3.47	$	3.29
Loss from discontinued operations	—		—		—		(0.01		)
Earnings per share — basic	$	2.06	$	2.23	$	3.47	$	3.28
Diluted earnings per share:
Income from continuing operations attributable to common shareholders	$	2.04	$	2.21	$	3.44	$	3.26
Loss from discontinued operations	—		—		—		(0.01		)
Earnings per share — diluted	$	2.04	$	2.21	$	3.44	$	3.25

Performance shares and restricted stock units (which are contingently issuable) increased the weighted average common shares outstanding by approximately 1,044,000 shares and 1,100,000 shares for the three months ended September 30, 2013 and 2012, respectively, and by approximately 978,000 shares and 971,000 shares for the nine months ended September 30, 2013 and 2012, respectively.

For the three and nine months ended September 30, 2013 and 2012, there were no common stock options that were excluded from the computation of diluted earnings per share as a result of the options’ exercise prices being greater than the average market price of the common shares.