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Earnings Per Share
9 Months Ended
Sep. 30, 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
Nine months ended
(In thousands)
September 30, 2013
 
September 30, 2012
September 30, 2013
 
September 30, 2012
Net earnings (loss) attributable to Blyth, Inc.
$
(8,470
)
 
$
745

$
(7,232
)
 
$
16,251

Less: Dividends paid to noncontrolling interest holders in excess of income earned
(2,748
)
 

(4,582
)
 

Net earnings (loss) attributable to Blyth, Inc. common stockholders
$
(11,218
)
 
$
745

$
(11,814
)
 
$
16,251

Weighted average number outstanding:
 
 
 
 

 
 

Common shares
16,013

 
17,240

16,182

 
17,169

Vested restricted stock units
58

 
62

55

 
72

Basic common shares outstanding
16,071

 
17,302

16,237

 
17,241

Dilutive effect of non-vested restricted shares units

 
56


 
76

Diluted common shares outstanding
16,071

 
17,358

16,237

 
17,317

Basic earnings per share attributable to common stockholders
 
 
 
 

 
 

Net earnings (loss) from continuing operations
$
(0.70
)
 
$
0.01

$
(0.73
)
 
$
0.85

Net earnings from discontinued operations

 
0.03


 
0.09

Net earnings (loss) attributable per share of Blyth, Inc. common stock
$
(0.70
)
 
$
0.04

$
(0.73
)
 
$
0.94

Diluted earnings per share attributable to common stockholders
 

 
 

 

 
 

Net earnings (loss) from continuing operations
$
(0.70
)
 
$
0.01

$
(0.73
)
 
$
0.85

Net earnings from discontinued operations

 
0.03


 
0.09

Net earnings (loss) attributable per share of Blyth, Inc. common stock
$
(0.70
)
 
$
0.04

$
(0.73
)
 
$
0.94


 
As of September 30, 2013 and 2012, options to purchase 2,500 and 29,750 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.