Earnings Per Share

3 Months Ended

Jun. 30, 2011

Earnings Per Share

Earnings Per Share [Text Block]

Note 3.                        Income Per Common Share

            Income per share calculations are based on income from continuing operations attributable to the common shareholders of IHC for the three-month and six-month periods ended June 30, 2011 and 2010, as shown below (in thousands):

			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2011		2010		2011		2010
Income from continuing operations		$	3,464	$	2,318	$	7,264	$	18,695
Less income from noncontrolling interests
	in subsidiaries		(424)		(565)		(1,040)		(781)
Income from continuing operations
	attributable to IHC shareholders, net of tax		3,040		1,753		6,224		17,914
Loss from discontinued operations, net of tax			-		(55)		-		(182)
Net income attributable to IHC shareholders		$	3,040	$	1,698	$	6,224	$	17,732

            Included in the diluted income per share calculations for the three months and six months ended June 30, 2011 are 13,000 and 9,000 of incremental shares, respectively, from; (1) the assumed exercise of dilutive stock options; (ii) the assumed vesting of dilutive restricted stock; and (iii) assumed share settlement of dilutive stock appreciation rights (“SARs”), computed using the treasury stock method. Included in the diluted income per share calculations for the three months and six months ended June 30, 2010 are 2,000 and 3,000 of incremental shares, respectively, from the assumed exercise of dilutive stock options and the assumed vesting of dilutive restricted stock computed using the treasury stock method.