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Earnings Per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
 Earnings Per Share
The reconciliation of the numerators and denominators used for the computation of basic and diluted earnings per share is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2013
 
2012
 
2013
 
2012
 
(in thousands)
Numerator:
 
 
 
 
 
 
 
Income (loss) from continuing operations
$
17,159

 
$
(37,166
)
 
$
74,031

 
$
(123,405
)
Less: Loss attributable to noncontrolling interest
21

 
—

 
39

 
—

Adjusted income (loss) from continuing operations
17,180

 
(37,166
)
 
74,070

 
(123,405
)
Income (loss) from discontinued operations, net of taxes
8,093

 
(692
)
 
(40,996
)
 
(7,866
)
 Net income (loss) attributable to Hercules Offshore, Inc.
$
25,273

 
$
(37,858
)
 
$
33,074

 
$
(131,271
)
Denominator:
 
 
 
 
 
 
 
Weighted average basic shares
159,743

 
158,573

 
159,416

 
152,098

Add effect of stock equivalents
2,108

 
—

 
2,056

 
—

Weighted average diluted shares
161,851

 
158,573

 
161,472

 
152,098


The Company calculates basic earnings per share by dividing net income by the weighted average number of shares outstanding. Diluted earnings per share is computed by dividing net income by the weighted average number of shares outstanding during the period as adjusted for the dilutive effect of the Company’s stock option and restricted stock awards. The effect of stock option and restricted stock awards is not included in the computation for periods in which a net loss occurs, because to do so would be anti-dilutive.
The Company's diluted earnings per share calculation excludes 0.8 million and 0.9 million stock equivalents for the three and nine month periods ended September 30, 2013, respectively, due to their anti-dilutive effect. The Company's diluted earnings per share calculation for both the three and nine month periods ended September 30, 2012 excludes 6.2 million stock equivalents that would have potentially been included if the Company had generated net income for the period, but are excluded as the Company generated a net loss during the period.