Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share

11. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and nine months ended September 30, 2011 and 2010 (in thousands, except per share data).

	THREE MONTHS ENDED SEPTEMBER 30,				NINE MONTHS ENDED SEPTEMBER 30,
	2011		2010		2011		2010
Numerator:
Income from continuing operations	$	4,839	$	5,542	$	29,819	$	29,407
Denominator:
Basic
Weighted average common shares outstanding		49,525		59,108		49,488		60,680
Diluted
Stock options (1)		55		86		70		114
Restricted stock awards (1)		133		88		167		121
Contingent shares (2)		207		297		207		297
Diluted weighted average common shares outstanding		49,920		59,579		49,932		61,212
Basic earnings per share from continuing operations	$	0.10	$	0.09	$	0.60	$	0.48
Diluted earnings per share from continuing operations	$	0.10	$	0.09	$	0.60	$	0.48

(1) A total of 6.9 million and 6.3 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2011, respectively, and a total of 6.0 million and 5.2 million share based awards were excluded from the calculation of diluted earnings per share for the three and nine months ended September 30, 2010, respectively, as their exercise prices would render them anti-dilutive.

(2) Contingent shares represent additional shares to be issued for purchase price earned by former owners of businesses acquired by CBIZ once future conditions have been met.