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Earnings Per Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share  
Earnings Per Share

18. Earnings Per Share

        The following table sets forth the computation of basic and diluted earnings per share:

Years ended December 31,
  2013   2012   2011  

Numerator:

                   

Net earnings (loss) attributable to the Company

  $ 184   $ 184   $ (500 )
               
               

Denominator (in thousands):

                   

Denominator for basic earnings per share—weighted average shares outstanding

    164,425     164,474     163,691  

Effect of dilutive securities:

                   

Stock options and other

    1,403     1,294        
               

Denominator for diluted earnings per share—adjusted weighted average shares

    165,828     165,768     163,691  
               
               

Basic earnings per share:

                   

Earnings (loss) from continuing operations

  $ 1.22   $ 1.13   $ (3.06 )

Gain (loss) from discontinued operations

    (0.11 )   (0.01 )   0.01  
               

Net earnings (loss)

  $ 1.11   $ 1.12   $ (3.05 )
               
               

Diluted earnings per share:

                   

Earnings (loss) from continuing operations

  $ 1.22   $ 1.12   $ (3.06 )

Gain (loss) from discontinued operations

    (0.11 )   (0.01 )   0.01  
               

Net earnings (loss)

  $ 1.11   $ 1.11   $ (3.05 )
               
               

        Options to purchase 1,315,216 and 2,125,963 weighted average shares of common stock which were outstanding during 2013 and 2012, respectively, were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares. For the year ended December 31, 2011, diluted earnings per share of common stock was equal to basic earnings per share of common stock due to the loss from continuing operations.

        The 2015 Exchangeable Notes have a dilutive effect only in those periods in which the Company's average stock price exceeds the exchange price of $47.47 per share. For the years ended December 31, 2013, 2012 and 2011, the Company's average stock price did not exceed the exchange price. Therefore, the potentially issuable shares resulting from the settlement of the 2015 Exchangeable Notes were not included in the calculation of diluted earnings per share. See Note 12 for additional information on the 2015 Exchangeable Notes.