Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v2.4.0.8
Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
Net earnings (loss) attributable to Centene Corporation
$
49,373

 
$
3,819

 
$
111,859

 
$
(7,202
)
 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 

 
 
 
 
Weighted average number of common shares outstanding
54,679,660

 
51,584,860

 
53,863,779

 
51,393,345

Common stock equivalents (as determined by applying the treasury stock method)
2,253,396

 
2,221,337

 
2,092,642

 

Weighted average number of common shares and potential dilutive common shares outstanding
56,933,056

 
53,806,197

 
55,956,421

 
51,393,345

 
 
 
 
 
 
 
 
Net earnings (loss) per share attributable to Centene Corporation:
 
 
 
 
 
 
 
Basic earnings (loss) per common share
$
0.90

 
$
0.07

 
$
2.08

 
$
(0.14
)
Diluted earnings (loss) per common share
$
0.87

 
$
0.07

 
$
2.00

 
$
(0.14
)


The calculation of diluted earnings per common share for the three and nine months ended September 30, 2013 excludes the impact of 14,532 shares and 76,957 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units. The calculation of diluted earnings (loss) per common share for the three months ended September 30, 2012 excludes the impact of 44,642 shares related to anti-dilutive stock options, restricted stock and restricted stock units. The calculation for the nine months ended September 30, 2012 excludes the impact of 4,638,757 shares (before application of the treasury stock method) related to stock options, restricted stock and restricted stock units as the Company incurred losses during the period and the shares would be anti-dilutive.