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Earnings/(Loss) Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings/(Loss) Per Share
EARNINGS/(LOSS) PER SHARE

Basic and diluted earnings/(loss) per share have been computed as follows:
 
 
For the Quarters Ended
 
For the Six Months Ended
(In thousands, except per share data)
 
June 30,
2013
 
June 24,
2012
 
June 30,
2013
 
June 24,
2012
Amounts attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
20,131

 
$
38,067

 
$
23,703

 
$
47,279

Loss from discontinued operations, net of income taxes
 
—

 
(125,689
)
 
—

 
(92,298
)
Net income/(loss)
 
$
20,131

 
$
(87,622
)
 
$
23,703

 
$
(45,019
)
Average number of common shares outstanding–Basic
 
148,797

 
148,005

 
148,754

 
147,936

Incremental shares for assumed exercise of securities
 
7,714

 
1,794

 
7,347

 
2,733

Average number of common shares outstanding–Diluted
 
156,511

 
149,799

 
156,101

 
150,669

Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.14

 
$
0.26

 
$
0.16

 
$
0.32

Loss from discontinued operations, net of income taxes
 
—

 
(0.85
)
 
—

 
(0.62
)
Net income/(loss)–Basic
 
$
0.14

 
$
(0.59
)
 
$
0.16

 
$
(0.30
)
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.13

 
$
0.25

 
$
0.15

 
$
0.31

Loss from discontinued operations, net of income taxes
 
—

 
(0.83
)
 
—

 
(0.61
)
Net income/(loss)–Diluted
 
$
0.13

 
$
(0.58
)
 
$
0.15

 
$
(0.30
)

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 second quarter of 2013 and first six months of 2013 and approximately 16 million in the second quarter of 2012 and first six months of 2012.