Earnings Per Share

9 Months Ended

Sep. 30, 2014

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 stockholders 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, 2014			September 30, 2013			September 30, 2014			September 30, 2013
Net earnings (loss) attributable to Blyth, Inc.	$	106,173		$	(8,470	)	$	98,972		$	(7,232	)
Weighted average number outstanding:
Common shares	16,055			16,013			16,041			16,182
Vested restricted stock units	71			58			64			55
Weighted average number of common shares outstanding:
Basic common shares outstanding	16,126			16,071			16,105			16,237
Dilutive effect of non-vested restricted shares units	42			—			47			—
Diluted common shares outstanding	16,168			16,071			16,152			16,237
Basic earnings per share
Net loss from continuing operations	$	(0.59	)	$	(0.57	)	$	(0.80	)	$	(0.85	)
Net earnings from discontinued operations	7.17			0.04			6.95			0.40
Net earnings (loss) attributable to Blyth, Inc.	$	6.58		$	(0.53	)	$	6.15		$	(0.45	)
Diluted earnings per share
Net loss from continuing operations	$	(0.59	)	$	(0.57	)	$	(0.80	)	$	(0.85	)
Net earnings from discontinued operations	7.16			0.04			6.93			0.40
Net earnings (loss) attributable to Blyth, Inc.	$	6.57		$	(0.53	)	$	6.13		$	(0.45	)

As of September 30, 2013, options to purchase 2,500 shares of common stock, respectively, are not included in the computation of diluted earnings per share because the effect would be antidilutive.