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Net Earnings (Loss) Per Common Share
 12 Months Ended
Dec. 31, 2014
Earnings Per Share [Abstract]  
Net Earnings (Loss) Per Common Share
Net Earnings (Loss) Per Common Share

The following table sets forth the computation of basic and diluted net earnings (loss) per common share.
 
2014
 
2013
 
2012
 
(In thousands except per share data)
Basic
 
 
 
 
 
Average common shares outstanding
32,009

 
31,915

 
31,641

 
 
 
 
 
 
Net loss from continuing operations
$
(68,760
)
 
$
(54,334
)
 
$
(14,083
)
Net earnings from discontinued operations
$
12,690

 
$
87,385

 
$
15,910

Net earnings (loss)
$
(56,070
)
 
$
33,051

 
$
1,827

 
 
 
 
 
 
Net loss per common share from continuing operations
$
(2.15
)
 
$
(1.70
)
 
$
(0.45
)
Net earnings per common share from discontinued operations
$
0.40

 
$
2.74

 
$
0.50

Net earnings (loss) per common share
$
(1.75
)
 
$
1.04

 
$
0.06

 
 
 
 
 
 
Diluted
 
 
 
 
 
Average common shares outstanding
32,009

 
31,915

 
31,641

Stock options and awards
188

 
128

 
230

Average common shares assuming dilution
32,197

 
32,043

 
31,871

 
 
 
 
 
 
Net loss from continuing operations
$
(68,760
)
 
$
(54,334
)
 
$
(14,083
)
Net earnings from discontinued operations
$
12,690

 
$
87,385

 
$
15,910

Net earnings (loss)
$
(56,070
)
 
$
33,051

 
$
1,827

 
 
 
 
 
 
Net loss per common share from continuing operations *
$
(2.15
)
 
$
(1.70
)
 
$
(0.45
)
Net earnings per common share from discontinued operations
$
0.39

 
$
2.73

 
$
0.50

Net earnings (loss) per common share *
$
(1.75
)
 
$
1.03

 
$
0.06



* Net earnings (loss) per share assuming dilution calculated utilizing weighted average shares outstanding - basic in periods in which there is a net loss.

At December 31, 2014, 2013 and 2012, shares associated with stock options of 2,857,590, 4,307,458 and 4,537,282, respectively, were excluded from the average common shares assuming dilution, as they were anti-dilutive. At December 31, 2014, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $16.95 for 2014. For the 2014, 2013 and 2012 Net Loss per Share from continuing operations calculation, all of the shares associated with stock options were anti-dilutive because of the Company's loss. In 2013, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $16.48 for 2013. In 2012, the majority of the anti-dilutive shares were granted at an exercise price of $41.87, which was higher than the average fair market value price of $15.27 for 2012. Shares necessary to settle a conversion spread on the convertible notes were not included in the common shares assuming dilution as the average market price of the Company stock in 2014, 2013 and 2012 did not exceed the conversion price.