Earnings per share (Tables)

9 Months Ended

Sep. 30, 2013

Basic and Diluted Earnings per Share

The calculations of the basic and diluted earnings per share are as follows:

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2013		2012		2013		2012
	($000 omitted)
Numerator:
Net earnings attributable to Stewart		15,409		34,668		45,514		47,422
Interest expense, net of tax effects		303		785		1,109		2,354
If-converted net earnings attributable to Stewart		15,712		35,453		46,623		49,776
Denominator (000):
Basic average shares outstanding		22,475		19,309		21,962		19,288
Dilutive average number of shares relating to options		1		—		—		—
Dilutive average number of shares relating to convertible senior notes		2,115		5,047		2,595		5,047
Dilutive average number of shares relating to restricted shares grant		178		43		178		43
Dilutive average shares outstanding		24,769		24,399		24,735		24,378
Basic earnings per share attributable to Stewart		0.69		1.80		2.07		2.46
Diluted earnings per share attributable to Stewart		0.63		1.45		1.88		2.04