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Earnings/(Loss) Per Share
 9 Months Ended
Sep. 29, 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 Nine Months Ended
(In thousands, except per share data)
 
September 29,
2013
 
September 23,
2012
 
September 29,
2013
 
September 23,
2012
Amounts attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
(Loss)/income from continuing operations
 
$
(5,239
)
 
$
(2,958
)
 
$
18,474

 
$
45,733

(Loss)/income from discontinued operations, net of income taxes
 
(18,987
)
 
5,703

 
(18,995
)
 
(88,007
)
Net (loss)/income
 
$
(24,226
)
 
$
2,745

 
$
(521
)
 
$
(42,274
)
Average number of common shares outstanding–Basic
 
150,033

 
148,254

 
149,724

 
148,042

Incremental shares for assumed exercise of securities
 
—

 
—

 
6,736

 
3,720

Average number of common shares outstanding–Diluted
 
150,033

 
148,254

 
156,460

 
151,762

Basic earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
(Loss)/income from continuing operations
 
$
(0.03
)
 
$
(0.02
)
 
$
0.12

 
$
0.31

(Loss)/income from discontinued operations, net of income taxes
 
(0.13
)
 
0.04

 
(0.13
)
 
(0.59
)
Net (loss)/income–Basic
 
$
(0.16
)
 
$
0.02

 
$
(0.01
)
 
$
(0.28
)
Diluted earnings/(loss) per share attributable to The New York Times Company common stockholders:
 
 
 
 
 
 
 
 
(Loss)/income from continuing operations
 
$
(0.03
)
 
$
(0.02
)
 
$
0.12

 
$
0.30

(Loss)/income from discontinued operations, net of income taxes
 
(0.13
)
 
0.04

 
(0.12
)
 
(0.58
)
Net (loss)/income–Diluted
 
$
(0.16
)
 
$
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, was approximately 13 million in the third quarter of 2013 and 9 million in the first nine months of 2013, approximately 18 million in the third quarter of 2012 and approximately 16 million in the first nine months of 2012.