Earnings per Share

The calculations of basic and diluted earnings per share are presented below. The sum of earnings per share amounts may not equal the totals due to rounding.



	Three Months Ended June 30,					Six Months Ended June 30,
	2017		2016			2017		2016
Numerator:
Amounts attributable to common stockholders:
Net income from continuing operations	$	48,901	$	55,250		$	114,034	$	113,296
Loss from discontinued operations, net of tax	—		(1,660		)	—		(1,660		)
Net income attributable to Pitney Bowes Inc. (numerator for diluted EPS)	48,901		53,590			114,034		$	111,636
Less: Preference stock dividend	10		9			19		19
Income attributable to common stockholders (numerator for basic EPS)	$	48,891	$	53,581		$	114,015	$	111,617
Denominator:
Weighted-average shares used in basic EPS	186,333		187,395			186,136		189,929
Effect of dilutive shares:
Conversion of Preferred stock and Preference stock	288		300			290		302
Employee stock plans	756		667			519		575
Weighted-average shares used in diluted EPS	187,377		188,362			186,945		190,806
Basic earnings per share:
Continuing operations	$	0.26	$	0.29		$	0.61	$	0.60
Discontinued operations	—		(0.01		)	—		(0.01		)
Net Income	$	0.26	$	0.29		$	0.61	$	0.59
Diluted earnings per share:
Continuing operations	$	0.26	$	0.29		$	0.61	$	0.59
Discontinued operations	—		(0.01		)	—		(0.01		)
Net Income	$	0.26	$	0.28		$	0.61	$	0.59
Anti-dilutive shares not used in calculating diluted weighted-average shares	9,916		6,878			11,379		8,892