XML 65 R16.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings Per Share
9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
 
The following is a reconciliation of net income per share, using the treasury-stock method:

 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
(in thousands, except per share amounts)
 
 
 
 
 
 
 
Numerator for basic and diluted net income/(loss) per share:
 
 
 
 
 
 
 
Net income from continuing operations
$
49,719

 
$
43,382

 
$
73,281

 
$
109,642

(Loss)/income from discontinued operations, net of tax
(4,856
)
 
5,332

 
(15,219
)
 
17,935

Gain/(loss) from sale of discontinued operations, net of tax
476

 
(5,052
)
 
476

 
(6,796
)
Net income attributable to CoreLogic
$
45,339

 
$
43,662

 
$
58,538

 
$
120,781

Denominator:
 

 
 

 
 

 
 

Weighted-average shares for basic income per share
90,518

 
94,773

 
91,234

 
95,802

Dilutive effect of stock options and restricted stock units
1,469

 
2,020

 
1,599

 
1,870

Weighted-average shares for diluted income per share
91,987

 
96,793

 
92,833

 
97,672

Income per share
 

 
 

 
 

 
 

Basic:
 

 
 

 
 

 
 

Net income from continuing operations
$
0.55

 
$
0.46

 
$
0.80

 
$
1.14

(Loss)/income from discontinued operations, net of tax
(0.05
)
 
0.06

 
(0.17
)
 
0.19

Gain/(loss) from sale of discontinued operations, net of tax
0.01


(0.05
)
 
0.01

 
(0.07
)
Net income attributable to CoreLogic
$
0.51

 
$
0.47

 
$
0.64

 
$
1.26

Diluted:
 

 
 
 
 
 
 
Net income from continuing operations
$
0.54

 
$
0.45

 
$
0.79

 
$
1.12

(Loss)/income from discontinued operations, net of tax
(0.05
)
 
0.06

 
(0.16
)
 
0.18

Gain/(loss) from sale of discontinued operations, net of tax
0.01


(0.05
)
 
0.01

 
(0.07
)
Net income attributable to CoreLogic
$
0.50

 
$
0.46

 
$
0.64

 
$
1.23



For the three months ended September 30, 2014 and 2013, 0.4 million stock options and 0.6 million stock options and restricted stock units ("RSUs"), respectively, were excluded from the weighted-average diluted common shares outstanding due to their antidilutive effect. For the nine months ended September 30, 2014 and 2013, 0.3 million stock options and 0.8 million stock options, RSUs and performance-based restricted stock units ("PBRSUs"), respectively, were excluded from the weighted average diluted common shares outstanding due to their antidilutive effect.