Earnings Per Share

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

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

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