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Earnings per share (Tables)
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Calculation of Basic and Diluted Earnings per Share
The calculation of the basic and diluted earnings per share is as follows:

 
For the Three Months Ended 
 September 30,
For the Nine Months Ended 
 September 30,
 
2014
2013
2014
2013
 
($000 omitted)
Numerator:
 
 
 
 
Net earnings attributable to Stewart
23,717

15,409

17,890

45,514

Interest expense, net of tax effects
314

303

941

1,109

If-converted net earnings attributable to Stewart
24,031

15,712

18,831

46,623

 
 
 
 
 
Denominator (000):
 
 
 
 
Basic average shares outstanding
22,267

22,475

22,416

21,962

Dilutive average number of shares relating to options
1

1

1


Dilutive average number of shares relating to convertible senior notes
2,111

2,115

2,111

2,595

Dilutive average number of shares relating to restricted shares grant
284

178

284

178

Dilutive average shares outstanding
24,663

24,769

24,812

24,735

 
 
 
 
 
Basic earnings per share attributable to Stewart
1.07

0.69

0.80

2.07

 
 
 
 
 
Diluted earnings per share attributable to Stewart
0.97

0.63

0.76

1.88