EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

(In thousands, except per share data)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2012 

2011 

2012 

2011 

NUMERATOR:

Net income (loss) attributable to the Company – common shares

$

 17,284 

$

 3,213 

$

 (34,702) 

$

 20,367 

Less: Participating securities dividends

 319 

 1,132 

 8,177 

 2,580 

Less: Income (loss) attributable to the Company – unvested shares

 - 

 - 

 - 

 - 

Net income (loss) attributable to the Company per common share – basic and diluted

$

 16,965 

$

 2,081 

$

 (42,879) 

$

 17,787 

DENOMINATOR:

Weighted average common shares outstanding – basic

 357,108 

 355,940 

 356,808 

 355,873 

Effect of dilutive securities:

Stock options and restricted stock (1)

 439 

 488 

 - 

 683 

Weighted average common shares outstanding – diluted

 357,547 

 356,428 

 356,808 

 356,556 

Net income (loss) attributable to the Company per common share:

Basic

$

 0.05 

$

 0.01 

$

 (0.12) 

$

 0.05 

Diluted

$

 0.05 

$

 0.01 

$

 (0.12) 

$

 0.05 

(1)     Equity awards of 8.3 million and 6.2 million were outstanding for the three months ended September 30, 2012 and 2011, respectively, and 10.0 million and 6.1 million were outstanding for the nine months ended September 30, 2012 and 2011, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.