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Earnings per Share
9 Months Ended
Sep. 30, 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 September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 

 
 

 
 

 
 

Amounts attributable to common stockholders:
 

 
 

 
 

 
 

Net income from continuing operations
$
111,634

 
$
72,974

 
$
241,054

 
$
212,471

Income (loss) from discontinued operations
20,655

 
(78,501
)
 
30,173

 
(159,725
)
Net income (loss) - Pitney Bowes Inc. (numerator for diluted EPS)
132,289

 
(5,527
)
 
271,227

 
52,746

Less: Preference stock dividend
11

 
12

 
33

 
35

Income (loss) attributable to common stockholders (numerator for basic EPS)
$
132,278

 
$
(5,539
)
 
$
271,194

 
$
52,711

Denominator (in thousands):
 

 
 

 
 

 
 

Weighted-average shares used in basic EPS
202,057

 
201,827

 
202,288

 
201,490

Effect of dilutive shares:
 

 
 

 
 

 
 

Preferred stock
1

 
2

 
1

 
2

Preference stock
342

 
376

 
346

 
386

Stock plans
1,569

 
935

 
1,325

 
712

Weighted-average shares used in diluted EPS
203,969

 
203,140

 
203,960

 
202,590

Basic earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
0.55

 
$
0.36

 
$
1.19

 
$
1.05

Discontinued operations
0.10

 
(0.39
)
 
0.15

 
(0.79
)
Net income (loss)
$
0.65

 
$
(0.03
)
 
$
1.34

 
$
0.26

Diluted earnings per share:
 

 
 

 
 

 
 

Continuing operations
$
0.55

 
$
0.36

 
$
1.18

 
$
1.05

Discontinued operations
0.10

 
(0.39
)
 
0.15

 
(0.79
)
Net income (loss)
$
0.65

 
$
(0.03
)
 
$
1.33

 
$
0.26

 
 
 
 
 
 
 
 
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):
6,009

 
12,503

 
7,394

 
12,886