Earnings Per Share

3 Months Ended

Mar. 31, 2013

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 31, 2013		March 25, 2012
Amounts attributable to The New York Times Company common stockholders:
Income from continuing operations	$	3,138	$	8,739
Income from discontinued operations, net of income taxes	—		33,391
Net income	$	3,138	$	42,130
Average number of common shares outstanding–Basic	148,710		147,867
Incremental shares for assumed exercise of securities	6,560		3,601
Average number of common shares outstanding–Diluted	155,270		151,468
Basic earnings per share attributable to The New York Times Company common stockholders:
Income from continuing operations	$	0.02	$	0.06
Income from discontinued operations, net of income taxes	—		0.22
Net income–Basic	$	0.02	$	0.28
Diluted earnings per share attributable to The New York Times Company common stockholders:
Income from continuing operations	$	0.02	$	0.06
Income from discontinued operations, net of income taxes	—		0.22
Net income–Diluted	$	0.02	$	0.28

The difference between basic and diluted shares is that diluted shares include the dilutive effect of the assumed exercise of outstanding securities. Our warrants, restricted stock units and stock options 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 they were anti-dilutive, were approximately 11 million in the first quarter of 2013 and approximately 16 million in the first quarter of 2012.