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Earnings (Loss) Per Share | 9 Months Ended
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Sep. 30, 2013
Earnings Per Share [Abstract] |
Earnings (Loss) Per Share | Earnings (Loss) Per Share The calculation of basic and diluted earnings (loss) per share (“EPS”) is presented below.
| Three Months Ended September 30, | Nine Months Ended September 30,
| 2013 | 2012 | 2013 | 2012
| (in millions, except per share amounts)
Basic EPS |  |  |  |
Net income (loss) | $ | (132 | ) | $ | (13 | ) | $ | (259 | ) | $ | 98 |
Weighted average common shares outstanding | 17.2 |  | 10.2 |  | 14.1 |  | 10.1 |
Basic EPS | (7.66 | ) | (1.25 | ) | (18.29 | ) | 9.68 |
Diluted EPS |  |  |  |
Net income (loss) | $ | (132 | ) | $ | (13 | ) | $ | (259 | ) | $ | 98 |
Weighted average common shares outstanding | 17.2 |  | 10.2 |  | 14.1 |  | 10.1 |
Dilutive effect of stock awards | — |  | — |  | — |  | — |
Weighted average diluted shares outstanding | 17.2 |  | 10.2 |  | 14.1 |  | 10.1 |
Diluted EPS | $ | (7.66 | ) | $ | (1.25 | ) | $ | (18.29 | ) | $ | 9.68 |
The weighted average shares outstanding for periods prior to April 30, 2013 have been adjusted to reflect the 1-for-5 reverse stock split of Dex One common stock. Diluted EPS is calculated by dividing net income by the weighted average common shares outstanding plus potential dilutive common stock. Due to the Company's reported net loss for the three months ended September 30, 2013 and 2012 as well as the nine months ended September 30. 2013, the effect of all stock-based awards was anti-dilutive and therefore not included in the calculation of EPS. The effect of potentially dilutive common shares for the nine months ended September 30, 2012 was not material. For the nine months ended September 30, 2012, 0.5 million shares of the Company’s stock-based awards had exercise prices that exceeded the average market price of the Company’s common stock. These shares were not included in our weighted average diluted shares outstanding. On September 5, 2013, certain employees were granted restricted stock awards, which entitles those participants to receive non-forfeitable dividends during the vesting period on a basis equivalent to the dividends paid to holders of the Company’s common stock. As such, these unvested restricted stock awards meet the definition of a participating security. Participating securities are defined as unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid or unpaid) and are included in the computation of earnings per share pursuant to the two-class method. At September 30, 2013 there were 342,724 such participating securities outstanding. Under the two-class method, all earnings, whether distributed or undistributed, are allocated to each class of common stock and participating securities based on their respective rights to receive dividends. However, the net loss from continuing operations for the three and nine months ended September 30, 2013 was not allocated to these participating securities, as these awards do not share in any loss generated by the Company.

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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 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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