Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.6
Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share for the years ended December 31:
 
2012
 
2011
 
2010
Earnings attributable to Centene Corporation:
 
 
 
 
 
Earnings from continuing operations, net of tax
$
1,859

 
$
111,218

 
$
90,947

Discontinued operations, net of tax
—

 
—

 
3,889

Net earnings
$
1,859

 
$
111,218

 
$
94,836

 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
Weighted average number of common shares outstanding
51,509,366

 
50,198,954

 
48,754,947

Common stock equivalents (as determined by applying the treasury stock method)
2,205,009

 
2,275,284

 
1,692,941

Weighted average number of common shares and potential dilutive common shares outstanding
53,714,375

 
52,474,238

 
50,447,888

 
 
 
 
 
 
Net earnings per common share attributable to Centene Corporation:
 
 
 
 
 
Basic:
 
 
 
 
 
Continuing operations
$
0.04

 
$
2.22

 
$
1.87

Discontinued operations
—

 
—

 
0.08

Basic earnings per common share
$
0.04

 
$
2.22

 
$
1.95

 
 
 
 
 
 
Diluted:
 
 
 
 
 
Continuing operations
$
0.03

 
$
2.12

 
$
1.80

Discontinued operations
—

 
—

 
0.08

Diluted earnings per common share
$
0.03

 
$
2.12

 
$
1.88



The calculation of diluted earnings per common share for 2012, 2011 and 2010 excludes the impact of 142,425 shares, 106,219 shares and 2,010,183 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.