Earnings per share (Tables)

6 Months Ended

Jun. 30, 2013

Basic and Diluted Earnings per Share

The calculation of the basic and diluted earnings per share is as follows:

	For the Three Months Ended June 30,				For the Six Months  Ended June 30,
	2013		2012		2013		2012
	($000 omitted)
Numerator:
Net earnings attributable to Stewart		26,899		24,911		30,105		12,754
Interest expense, net of tax effects		293		785		805		1,569
If-converted net earnings attributable to Stewart		27,192		25,696		30,910		14,323
Denominator (000):
Basic average shares outstanding		22,433		19,299		21,701		19,277
Dilutive average number of shares relating to options		150		—		—		—
Dilutive average number of shares relating to convertible senior notes		2,158		5,047		2,864		5,047
Dilutive average number of shares relating to restricted shares grant		178		42		178		43
Dilutive average shares outstanding		24,919		24,388		24,743		24,367
Basic earnings per share attributable to Stewart		1.20		1.29		1.39		0.66
Diluted earnings per share attributable to Stewart		1.09		1.05		1.25		0.59