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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

3. Earnings Per Share

The following table sets forth the computation of basic and diluted earnings (loss) per share for the years ended December 31, 2013, 2012 and 2011 (in thousands except per share amounts):

 

     Year Ended December 31,  
     2013     2012     2011  

Numerator:

       

Basic and diluted earnings (loss) per share:

       

Income (loss) from continuing operations

    $ 43,270      $ 20,504      $ (33,194 ) 

(Loss) from discontinued operations

      (691 )      (101 )      (1,698 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss)

    $ 42,579      $ 20,403      $ (34,892 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted average shares outstanding for basic earnings per share

      50,004        38,477        18,757   

Effects of dilutive instruments

      257        219        —    
  

 

 

    

 

 

    

 

 

  

Shares used in computing diluted earnings per common share

      50,261        38,696        18,757   
  

 

 

    

 

 

    

 

 

  

Basic net earnings (loss) per share:

       

Income (loss) from continuing operations

    $ 0.87      $ 0.53      $ (1.77 ) 

Loss from discontinued operations

      (0.02 )      —         (0.09 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss)

    $ 0.85      $ 0.53      $ (1.86 ) 
  

 

 

    

 

 

    

 

 

  

Diluted net earnings (loss) per share:

       

Income (loss) from continuing operations

    $ 0.86      $ 0.53      $ (1.77 ) 

Loss from discontinued operations

      (0.01 )      —         (0.09 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss)

    $ 0.85      $ 0.53      $ (1.86 ) 
  

 

 

    

 

 

    

 

 

  

Approximately 0.6 million, 0.4 million and 0.4 million shares of common stock issuable upon exercise of outstanding stock options were excluded from the calculation of diluted earnings per share for the year ended December 31, 2013, 2012 and 2011, respectively, because their effect would have been anti-dilutive.