XML 47 R24.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
The calculations of basic and diluted earnings per share are presented below:
 
Three Months Ended March 31,
 
2014
 
2013
Numerator:
 

 
 

Amounts attributable to common stockholders:
 

 
 

Net income from continuing operations
$
41,872

 
$
59,476

Income from discontinued operations
2,801

 
8,030

Net income - Pitney Bowes Inc. (numerator for diluted EPS)
44,673

 
67,506

Less: Preference stock dividend
(14
)
 
(13
)
Income attributable to common stockholders (numerator for basic EPS)
$
44,659

 
$
67,493

Denominator (in thousands):
 

 
 

Weighted-average shares used in basic EPS
202,339

 
201,148

Effect of dilutive shares:
 

 
 

Preferred stock
1

 
2

Preference stock
351

 
396

Stock plans
1,194

 
664

Weighted-average shares used in diluted EPS
203,885

 
202,210

Basic earnings per share:
 

 
 

Continuing operations
$
0.21

 
$
0.30

Discontinued operations
0.01

 
0.04

Net income
$
0.22

 
$
0.34

Diluted earnings per share:
 

 
 

Continuing operations
$
0.21

 
$
0.29

Discontinued operations
0.01

 
0.04

Net income
$
0.22

 
$
0.33

 
 
 
 
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):
9,411

 
13,868