EARNINGS PER SHARE ATTRIBUTABLE TO MONSTER WORLDWIDE, INC.

6 Months Ended

Jun. 30, 2014

EARNINGS PER SHARE ATTRIBUTABLE TO MONSTER WORLDWIDE, INC.

3. EARNINGS PER SHARE ATTRIBUTABLE TO MONSTER WORLDWIDE, INC.

Basic earnings per share is calculated using the Company’s weighted-average outstanding common shares. When the effects are dilutive, diluted earnings per share is calculated using the weighted-average outstanding common shares, participating securities and the dilutive effect of all other stock-based compensation awards as determined under the treasury stock method. Certain stock options and stock issuable under employee compensation plans were excluded from the computation of earnings per share due to their anti-dilutive effect.

A reconciliation of shares used in calculating basic and diluted earnings per share is as follows (shares in thousands):

	Three months ended June 30,				Six months ended June 30,
	2014		2013		2014		2013
Basic weighted-average shares outstanding		87,080		110,932		89,080		111,166
Effect of common stock equivalents - stock options and non-vested stock under employee compensation plans		2,875		1,005		3,094		1,253
Diluted weighted-average shares outstanding		89,955		111,937		92,174		112,419
Weighted-average anti-dilutive common stock equivalents		5,083		4,956		4,305		6,008

Share Repurchase Plan

On April 30, 2013, the Board of Directors of the Company authorized a share repurchase program of up to $200,000. Under the share repurchase program, shares of common stock will be purchased on the open market or through privately negotiated transactions from time-to-time through April 30, 2015. The timing and amount of purchases will be based on market conditions, corporate and legal requirements and other factors. The share repurchase program does not obligate the Company to acquire any specific number of shares in any period, and may be modified, suspended, extended or discontinued at any time without prior notice. During the six months ended June 30, 2014, the Company repurchased 7,025,988 shares for a total of $51,376, excluding commissions, at an average price of $7.31 per share. From the date of the inception of this repurchase program through June 30, 2014, the Company repurchased 27,617,428 shares for a total of $158,131, excluding commissions, at an average price of $5.73 per share. The Company currently has $41,869 remaining under this repurchase program.