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Earnings Per Share
 6 Months Ended
Jun. 30, 2011
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]
Earnings Per Share
 
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30,
 
June 30,
 
2011
 
2010
 
2011
 
2010
(in thousands, except per share amounts)
 
 
 
 
 
 
 
Numerator for basic and diluted net income per share:
 
 
 
 
 
 
 
Income from continuing operations attributable to CLGX stockholders
$
31,485


 
$
475


 
$
54,740


 
$
11,313


Income from discontinued operations attributable to CLGX stockholders, net of tax
—


 
23,935


 
—


 
42,513


Net income attibutable to CLGX
$
31,485


 
$
24,410


 
$
54,740


 
$
53,826


Denominator:
 


 
 


 
 


 
 


Weighted-average shares for basic earnings per share
108,018


 
108,936


 
111,781


 
106,205


Dilutive effect of stock options and restricted stock units
623


 
780


 
705


 
841


Weighted-average shares for diluted earnings per share
108,641


 
109,716


 
112,486


 
107,046


Earnings per share
 


 
 


 
 


 
 


Basic:
 


 
 


 
 


 
 


Income from continuing operations attributable to CLGX stockholders
$
0.29


 
$
—


 
$
0.49


 
$
0.11


Income from discontinued operations attributable to CLGX stockholders, net of tax
—


 
0.22


 
—


 
0.40


Net income attributable to CLGX per share
$
0.29


 
$
0.22


 
$
0.49


 
$
0.51


Diluted:
 


 
 
 
 
 
 
Income from continuing operations attributable to CLGX stockholders
$
0.29


 
$
—


 
$
0.49


 
$
0.11


Income from discontinued operations attributable to CLGX stockholders, net of tax
—


 
0.22


 
—


 
0.40


Net income attributable to CLGX per share
$
0.29


 
$
0.22


 
$
0.49


 
$
0.51






Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares available during the period. Diluted earnings per share reflects the effect of potentially dilutive securities, principally the incremental shares assumed issued under the Company’s stock incentive plans.


For the three and six months ended June 30, 2011, 5.7 million and 5.2 million stock options and restricted stock units, respectively, were excluded from the computation of diluted earnings per share due to their antidilutive effect. For the three and six months ended June 30, 2010, 3.4 million and 3.6 million stock options and restricted stock units, respectively, were excluded from the computation of diluted earnings per share due to their antidilutive effect.