Schweitzer-Mauduit International Just Filed Its Annual Report: A reconciliation of ...

A reconciliation of the average number of common and potential common shares outstanding used in the calculations of basic and diluted net income per share follows ($ in millions, shares in thousands):

 
 
For the Years Ended December 31,
 
2013
 
2012
 
2011
Numerator (basic and diluted):
 
 
 
 
 
Net income
$
76.1

 
$
79.8

 
$
92.6

Less: Dividends paid to participating securities
(0.2
)
 
(0.2
)
 
(0.1
)
Less: Undistributed earnings available to participating securities
(0.4
)
 
(0.9
)
 
(1.1
)
Undistributed and distributed earnings available to common stockholders
$
75.5

 
$
78.7

 
$
91.4

 
 
 
 
 
 
Denominator:
 
 
 
 
 
Average number of common shares outstanding
31,056.7

 
30,986.2

 
33,230.2

Effect of dilutive stock-based compensation
181.6

 
355.7

 
256.6

Average number of common and potential common shares outstanding
31,238.3

 
31,341.9

 
33,486.8

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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