Earnings Per Share

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share

Vested restricted stock units issued under the Company’s stock-based compensation plans participate in a cash equivalent of the dividends paid to common shareholders and are not considered contingently issuable shares. Accordingly, these RSUs are included in the calculation of basic and diluted earnings per share as common stock equivalents. RSUs that have not vested and are subject to a risk of forfeiture are included solely in the calculation of diluted earnings per share.

The components of basic and diluted earnings per share are as follows:

	Three months ended
(In thousands)	March 31, 2013		March 31, 2012
Net earnings attributable to Blyth, Inc.	$	2,596	$	7,479
Weighted average number outstanding:
Common shares	16,539		17,052
Vested restricted stock units	50		78
Weighted average number of common shares outstanding:
Basic	16,589		17,130
Dilutive effect of non-vested restricted shares units	43		118
Diluted	16,632		17,248
Basic earnings per share attributable to common stockholders
Net earnings from continuing operations	$	0.16	$	0.42
Net earnings from discontinued operations	—		0.02
Net earnings attributable per share of Blyth, Inc.	$	0.16	$	0.44
Diluted earnings per share attributable to common stockholders
Net earnings from continuing operations	$	0.16	$	0.42
Net earnings from discontinued operations	—		0.01
Net earnings attributable per share of Blyth, Inc.	$	0.16	$	0.43

For the three month periods ended March 31, 2013 and 2012, options to purchase 22,250 and 66,050 shares of common stock, respectively, are not included in the computation of diluted earnings per share because the effect would be antidilutive.

All weighted average shares outstanding in the calculation of basic and diluted earnings per share have been adjusted retroactively to reflect the two-for-one stock split that took place on June 15, 2012.