Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v2.4.0.8
Earnings Per Share
12 Months Ended
Dec. 31, 2013
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:
 
2013
 
2012
 
2011
Earnings attributable to Centene Corporation:
 
 
 
 
 
Earnings from continuing operations, net of tax
$
161,218

 
$
88,533

 
$
120,518

Discontinued operations, net of tax
3,881

 
(86,674
)
 
(9,300
)
Net earnings
$
165,099

 
$
1,859

 
$
111,218

 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
Weighted average number of common shares outstanding
54,126,545

 
51,509,366

 
50,198,954

Common stock equivalents (as determined by applying the treasury stock method)
2,120,628

 
2,205,009

 
2,275,284

Weighted average number of common shares and potential dilutive common shares outstanding
56,247,173

 
53,714,375

 
52,474,238

 
 
 
 
 
 
Net earnings per common share attributable to Centene Corporation:
 
 
 
 
 
Basic:
 
 
 
 
 
Continuing operations
$
2.98

 
$
1.72

 
$
2.40

Discontinued operations
0.07

 
(1.68
)
 
(0.18
)
Basic earnings per common share
$
3.05

 
$
0.04

 
$
2.22

 
 
 
 
 
 
Diluted:
 
 
 
 
 
Continuing operations
$
2.87

 
$
1.65

 
$
2.30

Discontinued operations
0.07

 
(1.62
)
 
(0.18
)
Diluted earnings per common share
$
2.94

 
$
0.03

 
$
2.12



The calculation of diluted earnings per common share for 2013, 2012 and 2011 excludes the impact of 93,539 shares, 142,425 shares and 106,219 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.