Basic weighted average number of shares outstanding
35,798
32,634
Effect of dilutive securities:
Convertible debt (1)
2,176
N/A
Stock options and unvested restricted stock (2)
466
—
Diluted weighted average shares outstanding
38,440
32,634
Net earnings/(loss) as reported
$
12,041
$
(4,754
)
Interest attributable to convertible senior notes, net of income taxes
365
0
Net earnings/(loss) for earnings/(loss) per share
$
12,406
$
(4,754
)
Basic earnings/(loss) per share
$
0.34
$
(0.15
)
Diluted earnings/(loss) per share (1) (2)
$
0.32
$
(0.15
)
Antidilutive stock options not included in the calculation of diluted income per share
271,155
1,610
(1)
During 2012, we issued $126.5 million of 1.875% convertible senior notes convertible into shares of our common stock at a rate of 17.1985 shares per $1,000 principle amount. In accordance with ASC Subtopic 260-10, Earnings Per Share, ("ASC 260-10") we calculate the dilutive effect of convertible securities using the "if-converted" method.
(2)
For periods with a net loss, no options or non-vested shares are included in the dilution calculation as all options and non-vested shares outstanding are considered anti-dilutive.