Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v2.4.0.8
Earnings (Loss) Per Share
6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings Per Share

The following table sets forth the calculation of basic and diluted net earnings per common share:

 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Earnings attributable to Centene Corporation:
 
 
 
 
 
 
 
Earnings from continuing operations, net of tax
$
47,183

 
$
40,289

 
$
80,999

 
$
62,928

Discontinued operations, net of tax
1,680

 
(805
)
 
847

 
(442
)
Net earnings
$
48,863

 
$
39,484

 
$
81,846

 
$
62,486

 
 
 
 
 
 
 
 
Shares used in computing per share amounts:
 

 
 
 
 
 
 
Weighted average number of common shares outstanding
57,758,683

 
54,529,036

 
57,622,039

 
53,449,077

Common stock equivalents (as determined by applying the treasury stock method)
1,958,575

 
2,072,624

 
1,925,381

 
1,999,319

Weighted average number of common shares and potential dilutive common shares outstanding
59,717,258

 
56,601,660

 
59,547,420

 
55,448,396

 
 
 
 
 
 
 
 
Net earnings (loss) per common share attributable to Centene Corporation:
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
Continuing operations
$
0.82

 
$
0.74

 
$
1.41

 
$
1.18

Discontinued operations
0.03

 
(0.02
)
 
0.01

 
(0.01
)
Basic earnings per common share
$
0.85

 
$
0.72

 
$
1.42

 
$
1.17

 
 
 
 
 
 
 
 
Diluted:
 
 
 
 
 
 
 
Continuing operations
$
0.79

 
$
0.71

 
$
1.36

 
$
1.14

Discontinued operations
0.03

 
(0.01
)
 
0.01

 
(0.01
)
Diluted earnings per common share
$
0.82

 
$
0.70

 
$
1.37

 
$
1.13



The calculation of diluted earnings per common share for the three and six months ended June 30, 2014 excludes the impact of 51,855 shares and 55,544 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units. The calculation of diluted earnings per common share for the three and six months ended June 30, 2013 excludes the impact of 35,094 shares and 68,809 shares, respectively, related to anti-dilutive stock options, restricted stock and restricted stock units.