Earnings Per Common Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

4. EARNINGS PER COMMON SHARE

The following table presents the Company’s basic and diluted earnings per share computations:

	For the three months						For the six months
	ended June 30,						ended June 30,
(In thousands, except per share amounts)	2011			2010			2011			2010
Net income from continuing operations before noncontrolling interests	$	5,253		$	5,759		$	6,336		$	10,659
Less: Income attributable to noncontrolling interests		(299	)		(205	)		(635	)		(490	)
Net income from continuing operations attributable to Michael Baker Corporation		4,954			5,554			5,701			10,169
Net loss from discontinued operations, net of tax		(100	)		(164	)		(15	)		(796	)
Net income attributable to Michael Baker Corporation	$	4,854		$	5,390		$	5,686		$	9,373

	For the three months						For the six months
	ended June 30,						ended June 30,
(In thousands, except per share amounts)	2011			2010			2011		2010
Basic:
Weighted average shares outstanding		9,302			8,923			9,263		8,903
Earnings/(loss) per share:
Continuing operations	$	0.53		$	0.62		$	0.62	$	1.14
Discontinued operations		(0.01	)		(0.02	)		—		(0.09	)
Total	$	0.52		$	0.60		$	0.62	$	1.05
Diluted:
Effect of dilutive securities — stock-based compensation		27			194			34		130
Weighted average shares outstanding		9,329			9,117			9,297		9,033
Earnings/(loss) per share:
Continuing operations	$	0.53		$	0.61		$	0.61	$	1.13
Discontinued operations		(0.01	)		(0.02	)		—		(0.09	)
Total	$	0.52		$	0.59		$	0.61	$	1.04

For the three and six months ended June 30, 2011 and 2010, Company stock options totaling 48,000 were excluded from the computations of diluted shares outstanding because the option exercise prices were more than the average market price of the Company’s common shares.