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Earnings per share (Tables)
12 Months Ended
Dec. 31, 2013
Basic and Diluted Earnings per Share

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

 

     For the Years
Ended December 31,
 
     2013      2012      2011  
     ($000 omitted)  

Numerator:

        

Net earnings attributable to Stewart

     63,026         109,182         2,348   

Interest expense, net of tax effects

     1,408         3,139         —     
  

 

 

    

 

 

    

 

 

 

If-converted net earnings attributable to Stewart

     64,434         112,321         2,348   
  

 

 

    

 

 

    

 

 

 

Denominator (000):

        

Basic average shares outstanding

     22,096         19,294         19,131   

Dilutive average number of shares relating to convertible senior notes

     2,467         5,047         —     

Dilutive average number of shares relating to restricted shares grant

     178         43         —     
  

 

 

    

 

 

    

 

 

 

Dilutive average shares outstanding

     24,741         24,384         19,131   
  

 

 

    

 

 

    

 

 

 

Basic earnings per share attributable to Stewart

     2.85         5.66         0.12   
  

 

 

    

 

 

    

 

 

 

Diluted earnings per share attributable to Stewart

     2.60         4.61         0.12