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Earnings/(Loss) Per Share
 12 Months Ended
Dec. 30, 2012
Earnings Per Share [Abstract]  
Earnings/(Loss) Per Share
Earnings/(Loss) Per Share
Basic and diluted earnings/(loss) per share were as follows:
 
 
Years Ended
(In thousands, except per share data)
 
December 30,
2012

 
December 25,
2011

 
December 26,
2010

 
 
(53 weeks)
 
(52 weeks)
 
(52 weeks)
Amounts attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
Income from continuing operations
 
$
159,656

 
$
51,850

 
$
54,078

(Loss)/income from discontinued operations, net of income taxes
 
(26,483
)
 
(91,519
)
 
53,626

Net income/(loss)
 
$
133,173

 
$
(39,669
)
 
$
107,704

Average number of common shares outstanding – Basic
 
148,147

 
147,190

 
145,636

Incremental shares for assumed exercise of securities
 
4,546

 
4,817

 
6,964

Average number of common shares outstanding – Diluted
 
152,693

 
152,007

 
152,600

Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
Income from continuing operations
 
$
1.08

 
$
0.35

 
$
0.37

(Loss)/income from discontinued operations, net of income taxes
 
(0.18
)
 
(0.62
)
 
0.37

Net income/(loss) – Basic
 
$
0.90

 
$
(0.27
)
 
$
0.74

Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
Income from continuing operations
 
$
1.04

 
$
0.34

 
$
0.35

(Loss)/income from discontinued operations, net of income taxes
 
(0.17
)
 
(0.60
)
 
0.36

Net income/(loss) – Diluted
 
$
0.87

 
$
(0.26
)
 
$
0.71


The difference between basic and diluted shares is that diluted shares include the dilutive effect of the assumed exercise of outstanding securities. Our restricted stock units, 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 (“Common Stock”), because their inclusion would result in 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 they were anti-dilutive were approximately 15 million in 2012, 20 million in 2011 and 24 million in 2010, respectively.