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Earnings Per Share Computations (Tables)
6 Months Ended
Jun. 30, 2011
Earnings Per Share Computations  
Calculation of earnings per share

 

 

 

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

(in thousands, except per share amounts)

 

2011

 

2010

 

2011

 

2010

 

Numerator

 

 

 

 

 

 

 

 

 

Net income attributable to Bemis Company, Inc

 

$

54,252

 

$

59,639

 

$

105,462

 

$

90,422

 

Income allocated to participating securities

 

(798

)

(1,071

)

(1,557

)

(1,672

)

Net income available to common shareholders (1)

 

$

53,454

 

$

58,568

 

$

103,905

 

$

88,750

 

 

 

 

 

 

 

 

 

 

 

Denominator

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — basic

 

105,171

 

109,103

 

106,151

 

109,049

 

Dilutive shares

 

409

 

104

 

381

 

119

 

Weighted average common and common equivalent shares outstanding — diluted

 

105,580

 

109,207

 

106,532

 

109,168

 

 

 

 

 

 

 

 

 

 

 

Per common share income

 

 

 

 

 

 

 

 

 

Basic

 

$

0.51

 

$

0.54

 

$

0.98

 

$

0.81

 

Diluted

 

$

0.51

 

$

0.54

 

$

0.98

 

$

0.81

 

 

 

(1)   Basic weighted average common shares outstanding

 

105,171

 

109,103

 

106,151

 

109,049

 

Basic weighted average common shares outstanding and participating securities

 

106,742

 

111,098

 

107,742

 

111,104

 

Percentage allocated to common shareholders

 

98.5

%

98.2

%

98.5

%

98.2

%