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Earnings per Share
3 Months Ended
Mar. 31, 2015
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,
 
2015
 
2014
Numerator:
 

 
 

Net income from continuing operations
$
80,455

 
$
41,872

Income from discontinued operations
157

 
2,801

Net income - Pitney Bowes Inc. (numerator for diluted EPS)
80,612

 
44,673

Less: Preference stock dividend
11

 
14

Income attributable to common stockholders (numerator for basic EPS)
$
80,601

 
$
44,659

Denominator (in thousands):
 

 
 

Weighted-average shares used in basic EPS
201,337

 
202,339

Effect of dilutive shares:
 

 
 

Conversion of Preferred stock and Preference stock
334

 
352

Employee stock plans
1,008

 
1,194

Weighted-average shares used in diluted EPS
202,679

 
203,885

Basic earnings per share:
 

 
 

Continuing operations
$
0.40

 
$
0.21

Discontinued operations

 
0.01

Net income
$
0.40

 
$
0.22

Diluted earnings per share:
 

 
 

Continuing operations
$
0.40

 
$
0.21

Discontinued operations

 
0.01

Net income
$
0.40

 
$
0.22

 
 
 
 
Anti-dilutive shares not used in calculating diluted weighted-average shares (in thousands):
7,779

 
9,411