Earnings per Share

12 Months Ended

Dec. 31, 2015

The calculations of basic and diluted earnings per share for the years ended December 31, 2015, 2014 and 2013 are presented below. The sum of earnings per share amounts may not equal the totals due to rounding.



	Years Ended December 31,
	2015		2014		2013
Numerator:
Amounts attributable to common stockholders:
Net income from continuing operations	$	402,672	$	300,006	$	287,612
Income (loss) from discontinued operations	5,271		33,749		(144,777		)
Net income (numerator for diluted EPS)	407,943		333,755		142,835
Less: Preference stock dividend	41		44		46
Income attributable to common stockholders (numerator for basic EPS)	$	407,902	$	333,711	$	142,789
Denominator (in thousands):
Weighted-average shares used in basic EPS	199,835		201,992		201,614
Effect of dilutive shares:
Preferred stock	1		1		2
Preference stock	321		344		381
Stock plans	788		1,624		960
Weighted-average shares used in diluted EPS	200,945		203,961		202,957
Basic earnings per share:
Continuing operations	$	2.01	$	1.49	$	1.43
Discontinued operations	0.03		0.17		(0.72		)
Net income attributable to Pitney Bowes Inc.	$	2.04	$	1.65	$	0.71
Diluted earnings per share:
Continuing operations	$	2.00	$	1.47	$	1.42
Discontinued operations	0.03		0.17		(0.71		)
Net income attributable to Pitney Bowes Inc.	$	2.03	$	1.64	$	0.70

Anti-dilutive options excluded from diluted earnings per share (in thousands):	8,079		7,322		12,448