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Earnings or Loss per Ordinary Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings or Loss per Ordinary Share
Earnings or Loss per Ordinary Share

Basic earnings or loss per share attributable to Liberty Global shareholders is computed by dividing net earnings or loss attributable to Liberty Global shareholders by the weighted average number of ordinary shares outstanding for the period. Diluted earnings or loss per share attributable to Liberty Global shareholders presents the dilutive effect, if any, on a per share basis of potential ordinary shares (e.g., options, SARs, PSARs, RSUs and convertible securities) as if they had been exercised, vested or converted at the beginning of the periods presented.

The details of the calculations of our basic and diluted earnings per share (EPS) are set forth in the following table:
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
 
in millions, except share amounts
Numerator:
 
 
 
 
 
 
 
Net earnings (loss) attributable to Liberty Global shareholders (basic and diluted EPS computation)
$
157.1

 
$
(830.1
)
 
$
(171.6
)
 
$
(842.7
)
 
 
 
 
 
 
 
 
Denominator:
 
 
 
 
 
 
 
Weighted average common shares (basic EPS computation)
779,708,147

 
796,152,814

 
784,112,867

 
632,698,780

Incremental shares attributable to the assumed exercise of outstanding options and SARs and the release of share units upon vesting (treasury stock method)
10,378,194

 
—

 
—

 
—

Weighted average common shares (diluted EPS computation)
790,086,341

 
796,152,814

 
784,112,867

 
632,698,780



A total of 10.7 million options, SARs, PSARs and RSUs and 2.6 million shares issuable upon conversion of the VM Convertible Notes were excluded from the calculation of diluted earnings per share during the three months ended September 30, 2014 because their effect would have been anti-dilutive.

We reported losses from continuing operations attributable to Liberty Global shareholders for the three months ended September 30, 2013 and the nine months ended September 30, 2014 and 2013. Therefore, the potentially dilutive effect at September 30, 2014 and 2013 of (i) the aggregate number of shares issuable pursuant to outstanding options, SARs, PSARs and RSUs of approximately 42.2 million and 44.8 million, respectively, (ii) the number of shares issuable pursuant to PSUs and PGUs of approximately 5.5 million and 4.0 million, respectively, and (iii) the aggregate number of shares issuable pursuant to obligations that may be settled in cash or shares of approximately 2.6 million and 2.6 million, respectively, were not included in the computation of diluted loss per share attributable to Liberty Global shareholders during these periods because their inclusion would have been anti-dilutive to the computation or, in the case of certain PSUs and PGUs, because such awards had not yet met the applicable performance criteria.

The details of our net earnings (loss) attributable to Liberty Global shareholders are set forth below:
 
Three months ended
 
Nine months ended
 
September 30,
 
September 30,
 
2014
 
2013
 
2014
 
2013
 
in millions
Amounts attributable to Liberty Global shareholders:
 
 
 
 
 
 
 
Earnings (loss) from continuing operations
$
157.1

 
$
(818.5
)
 
$
(505.1
)
 
$
(828.4
)
Earnings (loss) from discontinued operation
—

 
(11.6
)
 
333.5

 
(14.3
)
Net earnings (loss) attributable to Liberty Global shareholders
$
157.1

 
$
(830.1
)
 
$
(171.6
)
 
$
(842.7
)