Income Per Share

9 Months Ended

Sep. 30, 2011

Note 11. Income Per Share

The following is a reconciliation of the numerators and denominators of basic and diluted per share computations for net income attributable to Viad:


	Three months ended						Nine months ended
	September 30,						September 30,
	2011			2010			2011			2010
	(in thousands, except per share data)
Basic net income per share
Numerator:
Net income attributable to Viad	$	1,245		$	4,796		$	15,517		$	4,842
Less: Allocation to non-vested shares		(34	)		(114	)		(412	)		(126	)

Net income allocated to Viad common stockholders	$	1,211		$	4,682		$	15,105		$	4,716


Denominator:
Weighted-average outstanding common shares		19,711			20,001			19,768			20,037


Net income attributable to Viad common stockholders	$	0.06		$	0.23		$	0.76		$	0.24


Diluted net income per share
Numerator:
Net income attributable to Viad	$	1,245		$	4,796		$	15,517		$	4,842


Denominator:
Weighted-average outstanding shares		19,711			20,001			19,768			20,037
Additional dilutive shares related to share- based compensation		322			308			321			295

Weighted-average outstanding and potentially dilutive shares		20,033			20,309			20,089			20,332


Net income attributable to Viad common stockholders ⁽¹⁾	$	0.06		$	0.23		$	0.76		$	0.24


⁽¹⁾		Diluted income per share cannot exceed basic income per share.

Options to purchase 313,000 and 474,000 shares of common stock were outstanding during the nine months ended September 30, 2011 and 2010, respectively, but were not included in the computation of dilutive shares outstanding because the effect would be anti-dilutive. Additionally, 322,000 and 308,000 share-based compensation awards were considered dilutive and included in the computation of diluted income per share during the three months ended September 30, 2011 and 2010, respectively. During the nine months ended September 30, 2011 and 2010, 321,000 and 295,000 share-based compensation awards were considered dilutive and included in the computation of diluted income per share, respectively.