Stock options, restricted
common shares and
performance share units 2.2 2.9 2.0 2.7
Weighted average common
shares outstanding - diluted 195.6 200.1 195.1 200.6
Earnings per common share
- basic:
Income from continuing
operations $0.78 $0.83 $2.07 $2.40
Loss from discontinued
operations (0.27) (0.02) (0.28) (0.19)
Net income $0.51 $0.81 $1.79 $2.21
Earnings per common share
- diluted:
Income from continuing
operations $0.77 $0.82 $2.05 $2.37
Loss from discontinued
operations (0.27) (0.02) (0.28) (0.19)
Net income $0.50 $0.80 $1.77 $2.18
2) During 2007, the Company initiated plans to adjust its cost structure
to match its new volume levels. Costs recorded for workforce
reductions amounted to $2.6 million and $16.8 million for the three and
nine months ended September 30, 2007, respectively. Of these costs,
$1.0 million and $7.5 million for the three and nine months ended
September 30, 2007, respectively, were included in cost of services and
$1.6 million and $9.3 million for the three and nine months ended
September 30, 2007, respectively, were included in selling, general and
administrative expenses.
3) Other operating expense (income), net represents miscellaneous income
and expense items related to operating activities including gains and
losses associated with the disposal of operating assets and provisions
for restructurings and other special charges. For the nine months
ended September 30, 2007, other operating expense (income), net
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