XML 74 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Earnings (Loss) Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders that has been adjusted for dilutive securities, by the weighted-average number of common shares outstanding including dilutive securities.

The following is a reconciliation of the calculation of basic and diluted earnings (loss) per share (in thousands, except share and per-share data):
 
Years Ended December 31,
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Income (loss) from continuing operations
$
23,828

 
$
(18,075
)
 
$
(9,438
)
Income from discontinued operations
25,237

 
1,483

 
1,760

Net income (loss)
$
49,065

 
$
(16,592
)
 
$
(7,678
)
Denominator:
 
 
 
 
 
Weighted-average number of common shares outstanding—basic
195,478,353

 
180,826,124

 
166,667,459

Effect of dilutive securities:
 
 
 
 
 
Unvested restricted common stock
177,314

 
—

 
—

Shares related to unvested MSUs and PSUs
206,839

 
—

 
—

Weighted-average number of common shares outstanding—diluted
195,862,506

 
180,826,124

 
166,667,459

Basic earnings (loss) per share:
 
 
 
 
 
Continuing operations
$
0.12

 
$
(0.10
)
 
$
(0.06
)
Discontinued operations
0.13

 
0.01

 
0.01

Total
$
0.25

 
$
(0.09
)
 
$
(0.05
)
Diluted earnings (loss) earnings per share:
 
 
 
 
 
Continuing operations
$
0.12

 
$
(0.10
)
 
$
(0.06
)
Discontinued operations
0.13

 
0.01

 
0.01

Total
$
0.25

 
$
(0.09
)
 
$
(0.05
)


We did not include the following shares in our calculation of diluted loss per share as they would be anti-dilutive:
 
Years Ended December 31,
 
2013
 
2012
 
2011
Unvested restricted common stock
—

 
161,266

 
513,657

Unexercised stock appreciation rights
262,461

 
262,461

 
262,461

Shares related to unvested MSUs
—

 
237,956

 
152,675

Total
262,461

 
661,683

 
928,793