Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Computation Of Basic And Diluted Earnings Per Share

The table below summarizes the computation of basic and diluted earnings per share for 2014, 2013, and 2012 (in thousands of dollars, except per share amounts):

	2014		2013		2012
Basic:
Numerator:
Net income attributable to Sotheby’s	$	117,795	$	130,006	$	108,292
Less: Net income attributable to participating securities	1,047		60		450
Net income attributable to Sotheby’s common shareholders	$	116,748	$	129,946	$	107,842
Denominator:
Weighted average common shares outstanding	69,016		68,374		67,691
Basic earnings per share - Sotheby’s common shareholders	$	1.69	$	1.90	$	1.59
Diluted:
Numerator:
Net income attributable to Sotheby’s	$	117,795	$	130,006	$	108,292
Less: Net income attributable to participating securities	1,047		60		446
Net income attributable to Sotheby’s common shareholders	$	116,748	$	129,946	$	107,846
Denominator:
Weighted average common shares outstanding	69,016		68,374		67,691
Weighted average effect of Sotheby's dilutive potential common shares:
Convertible Notes	—		97		92
Performance share units	407		428		486
Deferred stock units	162		150		163
Stock options	21		77		95
Warrants	—		49		—
Weighted average dilutive potential common shares outstanding	590		801		836
Weighted average diluted shares outstanding	69,606		69,175		68,527
Diluted earnings per share - Sotheby’s common shareholders	$	1.68	$	1.88	$	1.57