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(Loss) Earnings per Share | 9 Months Ended
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Sep. 30, 2017
Earnings Per Share [Abstract] |
(Loss) Earnings per Share | (Loss) Earnings per Share Basic net (loss) earnings per share is calculated by dividing net (loss) income by the weighted average number of common shares outstanding for the period. Diluted (loss) earnings per share is computed by dividing net (loss) income by the weighted average number of shares assuming dilution. Dilutive common shares outstanding is computed using the Treasury Stock method and in periods of income, reflects the additional shares that would be outstanding if dilutive stock options were exercised for common shares during the period. (Loss) earnings per share (in millions, except share data):
|  | Three Months Ended |  | Nine Months Ended
|  | September 30, 2017 |  | October 1, 2016 |  | September 30, 2017 |  | October 1, 2016
Basic: |  |  |  |  |  |  |  |
Net (loss) income attributable to the Company |  | $ | (12 | ) |  | $ | (83 | ) |  | $ | 13 |  |  | $ | (154 | )
Weighted-average shares outstanding(1) |  | 52,220,868 |  |  | 51,690,204 |  |  | 52,964,066 |  |  | 51,499,447 |
Basic (loss) earnings per share |  | $ | (0.23 | ) |  | $ | (1.61 | ) |  | $ | 0.25 |  |  | $ | (2.99 | )
Diluted: |  |  |  |  |  |  |  |
Net (loss) income attributable to the Company |  | $ | (12 | ) |  | $ | (83 | ) |  | $ | 13 |  |  | $ | (154 | )
Weighted-average shares outstanding(1) |  | 52,220,868 |  |  | 51,690,204 |  |  | 52,964,066 |  |  | 51,499,447 |
Dilutive shares(2) |  | — |  |  | — |  |  | 667,433 |  |  | — |
Diluted weighted-average shares outstanding |  | 52,220,868 |  |  | 51,690,204 |  |  | 53,631,499 |  |  | 51,499,447 |
Diluted (loss) earnings per share |  | $ | (0.23 | ) |  | $ | (1.61 | ) |  | $ | 0.25 |  |  | $ | (2.99 | )
(1) In periods of net loss, restricted stock awards that are classified as participating securities are excluded from the weighted-average shares outstanding computation.
(2) In periods of net loss, options were anti-dilutive and therefore excluded from the earnings per share calculation.
There were 914,183 outstanding options to purchase common shares that were anti-dilutive and excluded from the third quarter earnings per share calculation as of September 30, 2017 compared to 1,340,123 as of October 1, 2016. There were 687,831 outstanding options to purchase common shares that were anti-dilutive and excluded from the nine months ended earnings per share calculation as of September 30, 2017 compared to 1,366,130 as of October 1, 2016. Anti-dilutive securities consist primarily of stock appreciation rights (“SARs”) with an exercise price greater than the average market closing price of the Class A common stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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