Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 12 Months Ended
Dec. 31, 2011
Earnings Per Share [Abstract]  
Earnings Per Share

19. Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per share for the years ended December 31:

 

     2011      2010      2009  

Earnings (loss) attributable to Centene Corporation common shareholders:

         

Earnings from continuing operations, net of tax

    $ 111,218       $ 90,947       $ 86,093   

Discontinued operations, net of tax

      —         3,889         (2,422 ) 
  

 

 

     

 

 

     

 

 

  

Net earnings

    $ 111,218       $ 94,836       $ 83,671   
  

 

 

     

 

 

     

 

 

  

Shares used in computing per share amounts:

         

Weighted average number of common shares outstanding

      50,198,954         48,754,947         43,034,791   

Common stock equivalents (as determined by applying the treasury stock method)

      2,275,284         1,692,941         1,281,676   
  

 

 

     

 

 

     

 

 

  

Weighted average number of common shares and
potential dilutive common shares outstanding

      52,474,238         50,447,888         44,316,467   
  

 

 

     

 

 

     

 

 

  

Net earnings (loss) per share attributable to Centene
Corporation:

         

Basic:

         

Continuing operations

    $ 2.22       $ 1.87       $ 2.00   

Discontinued operations

      —         0.08         (0.06 ) 
  

 

 

     

 

 

     

 

 

  

Earnings per common share

    $ 2.22       $ 1.95       $ 1.94   
  

 

 

     

 

 

     

 

 

  

Diluted:

         

Continuing operations

    $ 2.12       $ 1.80       $ 1.94   

Discontinued operations

      —         0.08         (0.05 ) 
  

 

 

     

 

 

     

 

 

  

Earnings per common share

    $ 2.12       $ 1.88       $ 1.89   
  

 

 

     

 

 

     

 

 

  

The calculation of diluted earnings per common share for 2011, 2010 and 2009 excludes the impact of 106,219 shares, 2,010,183 shares and 2,351,679 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.