# YRC Worldwide (YRCW)

## YRCW»Topics» 11. Earnings per Common Share

This excerpt taken from the YRCW 8-K filed Nov 9, 2009.

11. Earnings per Common Share

We present both basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year which is calculated using the treasury stock method for stock options and restricted stock units and assumes conversion of our convertible senior notes based on the related fiscal year financial data.

 (in thousands except per share data) 2008 2007 2006 Numerator: Net income (loss) for basic earnings (loss) per share \$ (976,373 ) \$ (640,362 ) \$ 274,651 Interest expense on convertible senior notes (net of tax) - - 182 Net income (loss) for diluted earnings (loss) per share (976,373 ) (640,362 ) 274,833 Denominator: Weighted average number of common shares outstanding (basic) 57,583 57,154 57,361 Weighted average dilutive stock options and restricted stock units - - 470 Assumed conversion of convertible senior notes - - 508 Weighted average number of common and common equivalent shares outstanding (diluted) 57,583 57,154 58,339 Basic earnings (loss) per share \$ (16.96 ) \$ (11.20 ) \$ 4.79 Diluted earnings (loss) per share \$ (16.96 ) \$ (11.20 ) \$ 4.71

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The impacts of certain options and restricted stock units were excluded from the calculation of diluted earnings per share because the effects are antidilutive. In addition, the computation of the assumed conversion of the convertible senior notes includes inputs of the year-to-date average stock price relative to the stated conversion price. If this relationship is such that the year-to-date average stock price is less then the stated conversion price, the computed shares would be antidilutive under the treasury stock method.

Antidilutive options and share units were 2,366,000, 1,297,000 and 23,000 at December 31, 2008, 2007 and 2006, respectively. Antidilutive convertible senior note conversion shares were 20,581,000, 2,128,000 and 348,000 at December 31, 2008, 2007 and 2006, respectively.

This excerpt taken from the YRCW 10-K filed Mar 2, 2009.

11. Earnings per Common Share

We present both basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income (loss) by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year which is calculated using the treasury stock method for stock options and restricted stock units and assumes conversion of our convertible senior notes based on the related fiscal year financial data.

 (in thousands except per share data) 2008 2007 2006 Numerator: Net income (loss) for basic earnings (loss) per share \$ (974,392 ) \$ (638,381 ) \$ 276,632 Interest expense on convertible senior notes (net of tax) — — 182 Net income (loss) for diluted earnings (loss) per share (974,392 ) (638,381 ) 276,814 Denominator: Weighted average number of common shares outstanding (basic) 57,583 57,154 57,361 Weighted average dilutive stock options and restricted stock units — — 470 Assumed conversion of convertible senior notes — — 508 Weighted average number of common and common equivalent shares outstanding (diluted) 57,583 57,154 58,339 Basic earnings (loss) per share \$ (16.92 ) \$ (11.17 ) \$ 4.82 Diluted earnings (loss) per share \$ (16.92 ) \$ (11.17 ) \$ 4.74

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The impacts of certain options and restricted stock units were excluded from the calculation of diluted earnings per share because the effects are antidilutive. In addition, the computation of the assumed conversion of the convertible senior notes includes inputs of the year-to-date average stock price relative to the stated conversion price. If this relationship is such that the year-to-date average stock price is less then the stated conversion price, the computed shares would be antidilutive under the treasury stock method.

Antidilutive options and share units were 2,366,000, 1,297,000 and 23,000 at December 31, 2008, 2007 and 2006, respectively. Antidilutive convertible senior note conversion shares were 20,581,000, 2,128,000 and 348,000 at December 31, 2008, 2007 and 2006, respectively.

This excerpt taken from the YRCW 10-K filed Mar 1, 2007.

Earnings per Common Share

The Company presents both basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year which is calculated using the treasury stock method for stock options and restricted stock units and assumes conversion of the Company’s convertible senior notes based on the related fiscal year financial data.

 (in thousands except per share data) 2006 2005 2004 Numerator: Net income for basic earnings per share \$ 276,632 \$ 288,130 \$ 184,327 Interest expense on convertible senior notes (net of tax) 182 183 188 Net income for diluted earnings per share \$ 276,814 \$ 288,313 \$ 184,515 Denominator: Weighted average number of common shares outstanding (basic) 57,361 54,358 48,149 Weighted average dilutive stock options and restricted stock 470 658 613 Assumed conversion of convertible senior notes 508 1,889 412 Weighted average number of common and common equivalent shares outstanding (diluted) 58,339 56,905 49,174 Basic earnings per share \$ 4.82 \$ 5.30 \$ 3.83 Diluted earnings per share \$ 4.74 \$ 5.07 \$ 3.75

The impacts of certain options were excluded from the calculation of diluted earnings per share because average exercise prices were greater than the average market price of common shares. In addition, the computation of the assumed conversion of the convertible senior notes includes inputs of the year-to-date average stock price relative to the stated conversion price. If this relationship is such that the year-to-date average stock price is less then the stated conversion price, the computed shares would be antidilutive under the treasury stock method. Data regarding any antidilutive securities is summarized below:

 (in thousands except per share data) 2006 2005 2004 Weighted average option shares outstanding 23 — — Weighted average exercise price \$ 43.46 \$ — \$ — Antidilutive convertible senior note conversion shares 348 — 411
This excerpt taken from the YRCW 10-K filed Mar 15, 2006.

Earnings per Common Share

The Company presents both basic and diluted earnings per share (“EPS”) amounts. Basic EPS is calculated by dividing net income by the weighted average number of common shares outstanding during the year. Diluted EPS is based upon the weighted average number of common and common equivalent shares outstanding during the year which is calculated using the treasury stock method for stock options and assumes conversion of the Company’s convertible senior notes.

 (in thousands except per share data) 2005 2004 2003 Numerator: Net income for basic earnings per share \$ 288,130 \$ 184,327 \$ 40,683 Interest expense on convertible senior notes (net of tax) 183 188 — Net income for diluted earnings per share \$ 288,313 \$ 184,515 \$ 40,683 Denominator: Weighted average number of common shares outstanding (basic) 54,358 48,149 30,370 Weighted average dilutive stock options and restricted stock 658 613 285 Assumed conversion of convertible senior notes 1,889 412 — Weighted average number of common and common equivalent shares outstanding (diluted) 56,905 49,174 30,655 Basic earnings per share \$ 5.30 \$ 3.83 \$ 1.34 Diluted earnings per share \$ 5.07 \$ 3.75 \$ 1.33

The impacts of certain options were excluded from the calculation of diluted earnings per share because average exercise prices were greater than the average market price of common shares. Data regarding those options is summarized below:

 (in thousands except per share data) 2005 2004 2003 Weighted average option shares outstanding — — 148 Weighted average exercise price \$ — \$ — \$ 29.67