Earnings Per Share

6 Months Ended

Jun. 30, 2012

Earnings Per Share

Earnings Per Share

12.Earnings Per Share

The following table presents earnings per weighted average common share outstanding for the three and six months ended June 30, 2012 and 2011:

	Three Months Ended June 30,					Six Months Ended June 30,
	2012			2011		2012			2011
Basic earnings per share:
Income from continuing operations attributable to common shareholders	$	1.12		$	0.79	$	1.06		$	0.64
Income (loss) from discontinued operations	—			0.01		(0.02		)	0.02
Earnings per share — basic	$	1.12		$	0.80	$	1.04		$	0.66
Diluted earnings per share:
Income from continuing operations attributable to common shareholders	$	1.12		$	0.78	$	1.05		$	0.64
Income (loss) from discontinued operations	(0.01		)	0.01		(0.01		)	0.01
Earnings per share — diluted	$	1.11		$	0.79	$	1.04		$	0.65

Dilutive stock options and performance shares (which are contingently issuable) increased average diluted common shares outstanding by approximately 868,000 shares and 674,000 shares for the three months ended June 30, 2012 and 2011, respectively, and by approximately 788,000 shares and 601,000 shares for the six months ended June 30, 2012 and 2011, respectively.

For the three-month and six-month periods ended June 30, 2012 and 2011, there were no common stock options that were excluded from the computation of diluted earnings per share as a result of the options’ exercise prices being greater than the average market price of the common shares.