Earnings (Loss) per Share

9 Months Ended

Sep. 30, 2013

Earnings (Loss) per Share

Earnings (Loss) per Share

10.  Earnings (Loss) per Share

Basic earnings (loss) per common share excludes dilution and is calculated by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period.  Diluted earnings (loss) per common share is calculated by dividing net earnings (loss) by the weighted average number of common shares outstanding during the period, as adjusted for the potential dilutive effect of non-participating share-based awards such as stock options and RSUs.  The following table presents earnings (loss) per common share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except per share data):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013		2012
Income (loss) from continuing operations	$	(866	)	$	(219,727	)	$	604	$	(217,930	)
Weighted average common shares outstanding — basic	27,941			27,600			27,791		27,423
Dilutive securities	—			—			511		—
Weighted average common shares outstanding - diluted	27,941			27,600			28,302		27,423
Basic income (loss) per common share:
Continuing	$	(0.03	)	$	(7.96	)	$	0.02	$	(7.95	)
Discontinued	—			—			—		(0.04		)
Total	$	(0.03	)	$	(7.96	)	$	0.02	$	(7.99	)
Diluted income (loss) per common share:
Continuing	$	(0.03	)	$	(7.96	)	$	0.02	$	(7.95	)
Discontinued	—			—			—		(0.04		)
Total	$	(0.03	)	$	(7.96	)	$	0.02	$	(7.99	)
Antidilutive securities not included:
Stock options and RSUs	1,422			2,748			2,134		2,818