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Earnings Per Share
12 Months Ended
Dec. 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:
 
For the year ended
 
For the year ended
 
For the eleven months ended
(In thousands)
December 31, 2013
 
December 31, 2012
 
December 31, 2011
Net earnings attributable to Blyth, Inc.
$
2,433

 
$
44,002

 
$
16,226

Less: Exchange of redeemable preferred stock in excess of fair value

 
(33,956
)
 

Less: Accretion to redemption value for ViSalus redeemable preferred stock
(5,471
)
 

 

Net earnings (loss) attributable to Blyth, Inc. common stockholders
$
(3,038
)
 
$
10,046

 
$
16,226

Weighted average number outstanding:
 

 
 

 
 

Common shares
16,141

 
17,113

 
16,467

Vested restricted stock units
55

 
67

 
79

Weighted average number of common shares outstanding:
 

 
 

 
 

Basic
16,196

 
17,180

 
16,546

Dilutive effect of stock options and non-vested restricted shares units

 
67

 
110

Diluted
16,196

 
17,247

 
16,656

Basic earnings (loss) per share attributable to common stockholders
 

 
 

 
 

Net earnings (loss) from continuing operations
$
(0.19
)
 
$
0.13

 
$
1.28

Net earnings (loss) from discontinued operations

 
0.45

 
(0.30
)
Net earnings (loss) attributable per share of Blyth, Inc. common stock
$
(0.19
)
 
$
0.58

 
$
0.98

Diluted earnings (loss) per share attributable to common stockholders
 

 
 

 
 

Net earnings (loss) from continuing operations
$
(0.19
)
 
$
0.13

 
$
1.27

Net earnings (loss) from discontinued operations

 
0.45

 
(0.29
)
Net earnings (loss) attributable per share of Blyth, Inc. common stock
$
(0.19
)
 
$
0.58

 
$
0.98


 
As of December 31, 2013, 2012 and 2011, options to purchase 2,500, 29,750 and 70,100 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.