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Earnings per Share
 9 Months Ended
Sep. 30, 2014
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share

The following table sets forth a reconciliation of the information used in computing basic and diluted shares outstanding and amounts used in computing the respective earnings per share:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2014
 
2013
 
2014
 
2013
Net (loss) earnings
$
(14,609
)
 
$
44,260

 
$
(85,868
)
 
$
72,827

 
 
 
 
 
 
 
 
Basic (loss) earnings per common share:
 
 
 
 
 
 
 
Basic weighted-average shares outstanding (1)
85,047,991

 
85,019,159

 
85,038,151

 
85,019,159

Basic (loss) earnings per share (1)
$
(0.17
)
 
$
0.52

 
$
(1.01
)
 
$
0.86

 
 
 
 
 
 
 
 
Diluted (loss) earnings per common share:
 

 
 

 
 
 
 
Basic weighted-average shares outstanding (1)
85,047,991

 
85,019,159

 
85,038,151

 
85,019,159

Dilutive effect of stock-based awards
—

 
—

 
—

 
—

Diluted weighted-average shares outstanding (1)
85,047,991

 
85,019,159

 
85,038,151

 
85,019,159

 
 
 
 
 
 
 
 
Diluted (loss) earnings per share (1)
$
(0.17
)
 
$
0.52

 
$
(1.01
)
 
$
0.86


(1) On February 28, 2014, Dover shareholders of record as of the close of business on February 19, 2014 received one share of Knowles common stock for every two shares of Dover's common stock held as of the record date. The computation of basic and diluted earnings per common share for all periods through December 31, 2013 was calculated using the shares distributed on February 28, 2014.

For the three and nine months ended September 30, 2014, the weighted-average number of anti-dilutive potential common shares excluded from the calculation above was 1,807,022 and 1,353,762, respectively.