XML 22 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earning Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Weighted average shares used for calculating basic and diluted earnings per share

The following table sets forth the reconciliation between weighted average shares used for calculating basic and diluted earnings per share for the three years in the period ended December 31, 2012 (in thousands, except per share amounts):

 

                         
     2012     2011     2010  

Income (Numerator)

                       

Net earnings attributable to Belo Corp.

  $ 100,170     $ 57,958     $ 86,906  

Less: Income to participating securities

    (1,049     (730     (1,303

Income available to common stockholders

    99,121       57,228       85,603  

Effect of dilutive securities

    2       2       5  

Income available to common stockholders plus assumed conversions

  $ 99,123     $ 57,230     $ 85,608  

Shares (Denominator)

                       

Weighted average shares outstanding (basic)

    103,507       103,606       103,026  

Dilutive effect of employee stock options and PBRSUs

    505       374       411  

Adjusted weighted average shares outstanding

    104,012       103,980       103,437  

Net earnings per share:

                       

Basic

  $ 0.96     $ 0.55     $ 0.83  

Diluted

  $ 0.95     $ 0.55     $ 0.83