Earnings/(Loss) Per Share

3 Months Ended

Mar. 25, 2012

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic and diluted earnings per share have been computed as follows:

	For the Quarters Ended
(In thousands, except per share data)	March 25, 2012		March 27, 2011
Amounts attributable to The New York Times Company common stockholders:
Income from continuing operations	$	13,060	$	2,266
Income from discontinued operations, net of income taxes	29,070		3,153
Net income	$	42,130	$	5,419
Average number of common shares outstanding–Basic	147,867		146,777
Incremental shares for assumed exercise of securities	3,601		6,983
Average number of common shares outstanding–Diluted	151,468		153,760
Basic earnings per share attributable to The New York Times Company common stockholders:
Income from continuing operations	$	0.09	$	0.02
Income from discontinued operations, net of income taxes	0.19		0.02
Net income–Basic	$	0.28	$	0.04
Diluted earnings per share attributable to The New York Times Company common stockholders:
Income from continuing operations	$	0.09	$	0.02
Income from discontinued operations, net of income taxes	0.19		0.02
Net income–Diluted	$	0.28	$	0.04

The difference between basic and diluted shares is that diluted shares include the dilutive effect of the assumed exercise of outstanding securities. Our stock options and warrants could have the most significant impact on diluted shares.

Securities that could potentially be dilutive are excluded from the computation of diluted earnings per share when a loss from continuing operations exists or when the exercise price exceeds the market value of our Class A common stock, because their inclusion would have an anti-dilutive effect on per share amounts.

The number of stock options that were excluded from the computation of diluted earnings per share because their exercise price exceeded the market value of our Class A common stock was approximately 16 million in the first quarter of 2012 and approximately 20 million in the first quarter of 2011.