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Earnings per share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings per share
Earnings per share
 
The calculation of basic and diluted earnings per share including a reconciliation of the numerator and denominator is as follows:
 
 
Three months ended
 
 
March 31,
2014
 
March 31,
2013
 
 
 
 
 
Numerator ($'000)
 
 
 
 
Net earnings/(losses) from continuing operations
 
(19,909
)
 
(46,204
)
Net earnings/(losses) from discontinued operations
 
(735
)
 
(802
)
Net losses/(earnings) attributable to non-controlling interests
 
(116
)
 
(209
)
 
 
 
 
 
Net earnings/(losses) attributable to Orient-Express Hotels Ltd.
 
(20,760
)
 
(47,215
)
 
 
 
 
 
Denominator (shares '000)
 
 
 
 
Basic weighted average shares outstanding
 
103,719

 
103,011

Effect of dilution
 
—

 
—

 
 
 
 
 
Diluted weighted average shares outstanding
 
103,719

 
103,011

 
 
 
 
 
 
 
$
 
$
Basic earnings per share
 
 
 
 
Net earnings/(losses) from continuing operations
 
(0.192
)
 
(0.449
)
Net earnings/(losses) from discontinued operations
 
(0.007
)
 
(0.008
)
Net losses/(earnings) attributable to non-controlling interests
 
(0.001
)
 
(0.002
)
 
 
 
 
 
Net earnings/(losses) attributable to Orient-Express Hotels Ltd.
 
(0.200
)
 
(0.459
)
 
 
 
 
 
Diluted earnings per share
 
 
 
 
Net earnings/(losses) from continuing operations
 
(0.192
)
 
(0.449
)
Net earnings/(losses) from discontinued operations
 
(0.007
)
 
(0.008
)
Net losses/(earnings) attributable to non-controlling interests
 
(0.001
)
 
(0.002
)
 
 
 
 
 
Net earnings/(losses) attributable to Orient-Express Hotels Ltd.
 
(0.200
)
 
(0.459
)


For the three months ended March 31, 2014 and 2013, all share options and share-based awards were excluded from the calculation of the diluted weighted average number of shares because OEH incurred a net loss in that period and the effect of their inclusion would be anti-dilutive.

The total number of share options and share-based awards excluded from computing diluted earnings per share were as follows: 
 
 
Three months ended
 
 
March 31,
2014
 
March 31,
2013
 
 
 
 
 
Share options
 
2,828,800

 
3,232,400

Share-based awards
 
1,638,856

 
1,669,249

 
 
 
 
 
Total
 
4,467,656

 
4,901,649


 
The number of share options and share-based awards unexercised at March 31, 2014 was 4,467,656 (March 31, 2013 - 4,901,649).