CNC » Topics » 6. Earnings Per Share

This excerpt taken from the CNC 10-Q filed Jul 25, 2006.

6. 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,

     2006    2005    2006    2005

Net earnings

   $ 4,965    $ 15,249    $ 13,731    $ 29,660
                           

Shares used in computing per share amounts:

           

Weighted average number of common shares outstanding

     43,169,590      42,203,946      43,079,243      41,884,044

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

     1,669,559      2,883,826      1,715,315      3,100,774
                           

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

     44,839,149      45,087,772      44,794,558      44,984,818
                           

Basic earnings per common share

   $ 0.12    $ 0.36    $ 0.32    $ 0.71

Diluted earnings per common share

   $ 0.11    $ 0.34    $ 0.31    $ 0.66

The calculation of diluted earnings per common share for the three months and six months ended June 30, 2006 excludes the impact of 1,556,308 and 1,597,568 shares, respectively, related to stock options, unvested restricted stock and restricted stock units which are anti-dilutive. The calculation of diluted earnings per common share for the three months ended June 30, 2005 and the six months ended June 30, 2005 excludes the impact of 160,655 shares.

This excerpt taken from the CNC 10-Q filed Apr 25, 2006.

5. Earnings Per Share

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

 

    

Three Months Ended

March 31,

     2006    2005

Net earnings

   $ 8,766    $ 14,411
             

Shares used in computing per share amounts:

     

Weighted average number of common shares outstanding

     42,987,892      41,560,587

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

     1,762,379      3,301,402
             

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

     44,750,271      44,861,989
             

Basic earnings per common share

   $ 0.20    $ 0.35

Diluted earnings per common share

   $ 0.20    $ 0.32

The calculation of diluted earnings per common share for the three months ended March 31, 2006 and 2005 excludes the impact of 150,900 and 128,933 shares, respectively, related to stock options, unvested restricted stock and restricted stock units which are anti-dilutive.

This excerpt taken from the CNC 10-K filed Feb 24, 2006.

16. Earnings Per Share

 

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

 

     2005

   2004

   2003

Net earnings

   $ 55,632    $ 44,312    $ 33,270
    

  

  

Shares used in computing per share amounts:

                    

Weighted average number of common shares outstanding

     42,312,522      40,820,909      35,704,426

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

     2,715,111      2,795,536      2,717,726
    

  

  

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

     45,027,633      43,616,445      38,422,152
    

  

  

Basic earnings per common share

   $ 1.31    $ 1.09    $ 0.93

Diluted earnings per common share

   $ 1.24    $ 1.02    $ 0.87

 

The calculation of diluted earnings per common share for 2005, 2004 and 2003 excludes the impact of 328,250, 0 and 1,317,820 shares, respectively, related to stock options, unvested restricted stock and restricted stock units which are anti-dilutive.

 

This excerpt taken from the CNC 10-Q filed Oct 25, 2005.

5. Earnings 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,


     2005

   2004

   2005

   2004

Net earnings

   $ 12,106    $ 11,351    $ 41,766    $ 32,302
    

  

  

  

Shares used in computing per share amounts:

                           

Weighted average number of common shares outstanding

     42,582,129      40,972,858      42,120,149      40,693,804

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

     2,696,199      2,667,322      2,958,703      2,670,316
    

  

  

  

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

     45,278,328      43,640,180      45,078,852      43,364,120
    

  

  

  

Basic earnings per common share

   $ 0.28    $ 0.28    $ 0.99    $ 0.79

Diluted earnings per common share

   $ 0.27    $ 0.26    $ 0.93    $ 0.74

 

The calculation of diluted earnings per common share for the three months and nine months ended September 30, 2005 excludes the impact of 197,500 and 265,155 shares, respectively, related to stock options, unvested restricted stock and restricted stock units which are anti-dilutive. There were no anti-dilutive shares for the periods presented in 2004.

 

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This excerpt taken from the CNC 10-Q filed Jul 25, 2005.

5. 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,


     2005

   2004

   2005

   2004

Net earnings

   $ 15,249    $ 10,813    $ 29,660    $ 20,951
    

  

  

  

Shares used in computing per share amounts:

                           

Weighted average number of common shares outstanding

     42,203,946      40,721,466      41,884,044      40,552,742

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

     2,883,826      2,652,910      3,100,774      2,668,684
    

  

  

  

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

     45,087,772      43,374,376      44,984,818      43,221,426
    

  

  

  

Basic earnings per common share

   $ 0.36    $ 0.27    $ 0.71    $ 0.52

Diluted earnings per common share

   $ 0.34    $ 0.25    $ 0.66    $ 0.48

 

The calculation of diluted earnings per common share for the three months ended June 30, 2005 and the six months ended
June 30, 2005 excludes the impact of 160,655 shares related to stock options, unvested restricted stock and restricted stock units which are anti-dilutive. There were no anti-dilutive shares for the periods presented in 2004.

 

This excerpt taken from the CNC 10-Q filed Apr 25, 2005.

5. Earnings Per Share

 

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

 

     Three Months Ended
March 31,


   2005

   2004

Net earnings

   $ 14,411    $ 10,138
    

  

Shares used in computing per share amounts:

             

Weighted average number of common shares outstanding

     41,560,587      40,384,018

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

     3,301,402      2,683,722
    

  

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

     44,861,989      43,067,740
    

  

Basic earnings per common share

   $ 0.35    $ 0.25

Diluted earnings per common share

   $ 0.32    $ 0.24

 

This excerpt taken from the CNC 10-K filed Feb 24, 2005.

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:

 

     2004

   2003

   2002

Net earnings

   $ 44,312    $ 33,270    $ 25,621
    

  

  

Shares used in computing per share amounts:

                    

Weighted average number of common shares outstanding

     40,820,909      35,704,426      31,432,080

Dilutive effect of stock options and stock units (as determined by applying the treasury stock method)

     2,795,536      2,717,726      3,500,152
    

  

  

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

     43,616,445      38,422,152      34,932,232
    

  

  

Basic earnings per common share

   $ 1.09    $ 0.93    $ 0.82

Diluted earnings per common share

   $ 1.02    $ 0.87    $ 0.73

 

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The calculation of diluted earnings per common share in 2003 excludes the impact of 1,317,820 shares related to stock options which are antidilutive.

 

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