Earnings Per Share |
Earnings Per Share The following table sets forth the computation of basic and diluted (loss) income from continuing operations per share attributable to Vertex common shareholders for the three years ended December 31, 2014: | | | | | | | | | | | | | | 2014 | | 2013 | | 2012 | | (in thousands, except per share amounts) | Basic (loss) income from continuing operations per share attributable to Vertex common shareholder calculation: | | | | | | (Loss) income from continuing operations attributable to Vertex common shareholders | $ | (737,643 | ) | | $ | (503,622 | ) | | $ | 32,271 |
| Less: Undistributed earnings allocated to participating securities | — |
| | — |
| | (322 | ) | (Loss) income from continuing operations attributable to Vertex common shareholders—basic | $ | (737,643 | ) | | $ | (503,622 | ) | | $ | 31,949 |
| Basic weighted-average common shares outstanding | 235,307 |
| | 224,906 |
| | 211,946 |
| Basic (loss) income from continuing operations per common share attributable to Vertex | $ | (3.14 | ) | | $ | (2.24 | ) | | $ | 0.15 |
| Diluted (loss) income from continuing operations per share attributable to Vertex common shareholder calculation: | | | | | | (Loss) income from continuing operations attributable to Vertex common shareholders | $ | (737,643 | ) | | $ | (503,622 | ) | | $ | 32,271 |
| Less: Undistributed earnings allocated to participating securities | — |
| | — |
| | (317 | ) | (Loss) income from continuing operations attributable to Vertex common shareholders—diluted | $ | (737,643 | ) | | $ | (503,622 | ) | | $ | 31,954 |
| Basic weighted-average common shares outstanding | 235,307 |
| | 224,906 |
| | 211,946 |
| Effect of potentially dilutive securities: | | | | | | Stock options | — |
| | — |
| | 3,219 |
| Other | — |
| | — |
| | 97 |
| Diluted weighted-average common shares outstanding | 235,307 |
| | 224,906 |
| | 215,262 |
| Diluted (loss) income from continuing operations per common share attributable to Vertex | $ | (3.14 | ) | | $ | (2.24 | ) | | $ | 0.15 |
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The Company did not include the securities described in the following table in the computation of the diluted net loss attributable to Vertex per common share calculations because the effect would have been anti-dilutive during each period: | | | | | | | | | | | 2014 | | 2013 | | 2012 | | (in thousands) | Stock options | 12,003 |
| | 15,729 |
| | 16,507 |
| Convertible senior subordinated notes | — |
| | — |
| | 8,192 |
| Unvested restricted stock and restricted stock units | 3,091 |
| | 2,165 |
| | 2,253 |
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