XML 38 R25.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share
 12 Months Ended
Dec. 31, 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 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 years ended:
(In thousands)
December 31, 2014
 
December 31, 2013
 
December 31, 2012
Net earnings attributable to Blyth, Inc.
$
86,761

 
$
2,433

 
$
44,002

Weighted average number outstanding:
 

 
 

 
 

Common shares
16,047

 
16,141

 
17,113

Vested restricted stock units
65

 
55

 
67

Weighted average number of common shares outstanding:
 

 
 

 
 

Basic
16,112

 
16,196

 
17,180

Dilutive effect of stock options and non-vested restricted shares units
53

 
32

 
67

Diluted
16,165

 
16,228

 
17,247

Basic earnings (loss) per share:
 

 
 

 
 

Net earnings (loss) from continuing operations
$
(1.55
)
 
$
(0.03
)
 
$
0.16

Net earnings from discontinued operations
6.93

 
0.18

 
2.40

Net earnings attributable per share of Blyth, Inc.
$
5.38

 
$
0.15

 
$
2.56

Diluted earnings (loss) per share:
 

 
 

 
 

Net earnings (loss) from continuing operations
$
(1.54
)
 
$
(0.03
)
 
$
0.16

Net earnings from discontinued operations
6.91

 
0.18

 
2.39

Net earnings attributable per share of Blyth, Inc.
$
5.37

 
$
0.15

 
$
2.55


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.