XML 112 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Basic Income Per Common Share and Diluted Income Per Common Share
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Net Income (Loss) Per Share
Basic and Diluted Income Per Common Share
Basic income per common share is computed by dividing net income available to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted income per common share gives effect to all potentially dilutive common shares that were outstanding during the period. As of December 31, 2013, 2012 and 2011 we had outstanding stock options and RSUs that could potentially dilute basic earnings per share in the future.
The following represents a reconciliation of the numerator and denominator used in computing basic and diluted income available to common stockholders per common share for the years ended December 31, 2013, 2012 and 2011:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
Loss (numerator)
 
 
 
 
 
 
Net loss from continuing operations
 
$
(25.6
)
 
$
(43.9
)
 
$
(5.8
)
Net loss from discontinued operations
 
(4.6
)
 
(18.7
)
 
(6.8
)
Net loss
 
$
(30.2
)
 
$
(62.6
)
 
$
(12.6
)
Shares (denominator)
 
 
 
 
 
 
Basic weighted-average common shares outstanding
 
85.0

 
90.0

 
92.1

Diluted weighted-average common shares outstanding
 
85.0

 
90.0

 
92.1

Basic and diluted per share amounts
 
 
 
 
 
 
Basic net loss per share from continuing operations
 
$
(0.30
)
 
$
(0.49
)
 
$
(0.06
)
Basic net loss per share from discontinued operations
 
(0.06
)
 
(0.21
)
 
(0.08
)
Total basic net loss per share
 
$
(0.36
)
 
$
(0.70
)
 
$
(0.14
)
Diluted net loss per share from continuing operations
 
$
(0.30
)
 
$
(0.49
)
 
$
(0.06
)
Diluted net loss per share from discontinued operations
 
(0.06
)
 
(0.21
)
 
(0.08
)
Total diluted loss per share
 
$
(0.36
)
 
$
(0.70
)
 
$
(0.14
)

For all periods presented, basic and diluted loss per share are the same, as any additional common stock equivalents would be anti-dilutive. We excluded 2.6 million, 3.5 million and 3.9 million stock options from the calculation of diluted weighted-average earnings per share for fiscal years 2013, 2012 and 2011, respectively, that would be anti-dilutive due to the net loss in those periods. In addition we excluded 5.2 million, 4.8 million and 4.8 million RSUs from the calculation of diluted weighted-average earnings per share for fiscal years 2013, 2012 and 2011, respectively, that would be anti-dilutive due to the net loss in those periods.