The following table sets forth the computation of basic and diluted earnings per share from continuing operations for the three and six months ended June 30, 2014 and 2013 (in thousands, except per share data).


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2014		2013		2014		2013
Numerator:
Income from continuing operations	$	6,240	$	5,620	$	24,222	$	22,741


Denominator:
Basic
Weighted average common shares outstanding		48,273		49,639		48,228		49,535


Diluted
Stock options (1)		769		56		815		41
Restricted stock awards		258		172		338		253
Contingent shares (2)		134		62		134		62
Convertible senior subordinated notes (3)		2,618		—		2,837		—

Diluted weighted average common shares outstanding		52,052		49,929		52,352		49,891


Basic earnings per share from continuing operations	$	0.13	$	0.11	$	0.50	$	0.46

Diluted earnings per share from continuing operations	$	0.12	$	0.11	$	0.46	$	0.46

(1)

A total of 1.1 million and 0.7 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2014, respectively, and a total of 7.8 million and 7.7 million share based awards were excluded from the calculation of diluted earnings per share for the three and six months ended June 30, 2013, respectively, as they were 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.

(3)	The dilutive impact of potential shares to be issued related to the 2010 Notes based on the average share price for the six months ended June 30, 2014, which exceeded the conversion price of $7.41.