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Earnings Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

Note 4 – Earnings Per Share

Basic earnings per common share (“EPS”) are computed by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period. Diluted EPS reflects the potential dilution that would occur if securities or other contracts to issue common stock were exercised or converted into common stock.

 

     Year Ended December 31,  
     2013     2012     2011  
     (in thousands, except per share amounts)  

Income (loss) from continuing operations(a)

   $ (83,946   $ 2,199      $ (30,285

Discontinued operations

     (5,150     (14,410     86,245   
  

 

 

   

 

 

   

 

 

 

Net income (loss) attributable to Harvest

   $ (89,096   $ (12,211   $ 55,960   
  

 

 

   

 

 

   

 

 

 

Weighted average common shares outstanding

     39,579        37,424        34,117   

Effect of dilutive securities

     0        167        0   
  

 

 

   

 

 

   

 

 

 

Weighted average common shares, diluted

     39,579        37,591        34,117   
  

 

 

   

 

 

   

 

 

 

Basic Earnings (Loss) Per Share:

      

Income (loss) from continuing operations

   $ (2.12   $ 0.06      $ (0.89

Discontinued operations

     (0.13     (0.39     2.53   
  

 

 

   

 

 

   

 

 

 

Basic earnings (loss) per share

   $ (2.25   $ (0.33   $ 1.64   
  

 

 

   

 

 

   

 

 

 

Diluted Earnings (Loss) Per Share:

      

Income (loss) from continuing operations

   $ (2.12   $ 0.06      $ (0.89

Income (loss) from discontinued operations

     (0.13     (0.39     2.53   
  

 

 

   

 

 

   

 

 

 

Diluted earnings (loss) per share

   $ (2.25   $ (0.33   $ 1.64   
  

 

 

   

 

 

   

 

 

 

 

(a)  Net of net income attributable to noncontrolling interests.

The year ended December 31, 2013 per share calculations above exclude 4.2 million options and 2.5 million warrants because they were anti-dilutive. The year ended December 31, 2012 per share calculations above exclude 3.9 million options and 2.4 million warrants because they were anti-dilutive. The year ended December 31, 2011 per share calculations above exclude 3.7 million options and 1.6 million warrants because they were anti-dilutive.