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Earnings Per Share And Related Other
 9 Months Ended
Sep. 30, 2013
Earnings Per Share And Related Other [Abstract]  
Earnings Per Share And Related Other

6.Earnings Per Share and Related Other

Basic earnings per share is computed based on the weighted average number of outstanding common shares.  Diluted earnings per share is computed based on the weighted average number of outstanding common shares plus the dilutive effect of common stock equivalents, computed using the treasury stock method.  The table on the following page sets forth the computations of basic and diluted earnings per share for the common stockholders of Health Management Associates, Inc. (in thousands, except per share amounts). 

 

 

  

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

 

2013

 

2012

 

2013

 

2012

Numerators:

 

 

 

(restated)

 

 

 

 

(restated)

Income (loss) from continuing operations

$
(73,347)

 

$
49,017 

 

$
(40,180)

 

$
141,759 

Income attributable to noncontrolling interests

 
(3,485)

 

 
(6,685)

 

 
(12,804)

 

 
(21,757)

Accretion of redeemable equity securities

 
(19,813)

 

 

 -

 

 
(19,813)

 

 

 -

Income (loss) from continuing operations attributable to Health

 

 

 

 

 

 

 

 

 

 

 

Management Associates, Inc. common stockholders

 
(96,645)

 

 
42,332 

 

 
(72,797)

 

 
120,002 

Loss from discontinued operations attributable to Health

 

 

 

 

 

 

 

 

 

 

 

Management Associates, Inc. common stockholders

 

 -

 

 
(1,389)

 

 

 -

 

 
(5,805)

Net income (loss) attributable to Health Management

 

 

 

 

 

 

 

 

 

 

 

Associates, Inc. common stockholders

$
(96,645)

 

$
40,943 

 

$
(72,797)

 

$
114,197 

Denominators:

 

 

 

 

 

 

 

 

 

 

 

Denominator for basic earnings (loss) per share-weighted

 

 

 

 

 

 

 

 

 

 

 

average number of outstanding common shares

 
261,927 

 

 
254,516 

 

 
258,911 

 

 
254,111 

Dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation arrangements

 

 -

 

 
2,268 

 

 

 -

 

 
2,061 

Convertible notes

 

 -

 

 

 -

 

 

 -

 

 

 -

Denominator for diluted earnings (loss) per share

 
261,927 

 

 
256,784 

 

 
258,911 

 

 
256,172 

Earnings per share:

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$
(0.37)

 

$
0.16 

 

$
(0.28)

 

$
0.47 

Discontinued operations

 

 -

 

 

 -

 

 

 -

 

 
(0.02)

Net income (loss)

$
(0.37)

 

$
0.16 

 

$
(0.28)

 

$
0.45 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$
(0.37)

 

$
0.16 

 

$
(0.28)

 

$
0.47 

Discontinued operations

 

 -

 

 

 -

 

 

 -

 

 
(0.02)

Net income (loss)

$
(0.37)

 

$
0.16 

 

$
(0.28)

 

$
0.45 

 

 

 

 

 

 

 

 

 

 

 

 

Securities excluded from diluted earnings per share because they

 

 

 

 

 

 

 

 

 

 

 

were antidilutive or performance conditions were not met:

 

 

 

 

 

 

 

 

 

 

 

Stock options

 
60 

 

 
3,417 

 

 
60 

 

 
3,977 

Deferred stock and restricted stock

 

 -

 

 
1,624 

 

 

 -

 

 
2,091