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Income Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Income Per Share

Note 13. 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 September 30,     Nine months ended September 30,  
     2013     2012     2013     2012  
     (in thousands, except per share data)  

Basic net income per share

        

Numerator:

        

Net income attributable to Viad

   $ 11,855      $ 19,976      $ 26,173      $ 27,093   

Less: Allocation to non-vested shares

     (264     (532     (605     (735
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income allocated to Viad common stockholders

   $ 11,591      $ 19,444      $ 25,568      $ 26,358   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted-average outstanding common shares

     19,868        19,721        19,839        19,694   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Viad common stockholders

   $ 0.58      $ 0.99      $ 1.29      $ 1.34   
  

 

 

   

 

 

   

 

 

   

 

 

 

Diluted net income per share

        

Numerator:

        

Net income attributable to Viad

   $ 11,855      $ 19,976      $ 26,173      $ 27,093   
  

 

 

   

 

 

   

 

 

   

 

 

 

Denominator:

        

Weighted-average outstanding common shares

     19,868        19,721        19,839        19,694   

Additional dilutive shares related to share-based compensation

     323        296        349        299   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted-average outstanding and potentially dilutive shares

     20,191        20,017        20,188        19,993   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income attributable to Viad common stockholders (1)

   $ 0.58      $ 0.99      $ 1.29      $ 1.34   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

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

Options to purchase 47,000 and 436,000 shares of common stock were outstanding during the nine months ended September 30, 2013 and 2012, respectively, but were not included in the computation of dilutive shares outstanding because the effect would be anti-dilutive. Additionally, 323,000 and 296,000 share-based compensation awards were considered dilutive and included in the computation of diluted income per share during the three months ended September 30, 2013 and 2012, respectively. During the nine months ended September 30, 2013 and 2012, 349,000 and 299,000 share-based compensation awards were considered dilutive and included in the computation of diluted income per share, respectively.