Form: 10-Q

Quarterly report pursuant to Section 13 or 15(d)

August 4, 2016



EXHIBIT 11 COMPUTATION OF LOSS PER SHARE

(In thousands, except per share data)
Three Months Ended
June 30,
 
Six Months Ended
June 30,
 
2016
 
2015
 
2016
 
2015
NUMERATOR:
 
 
 
 
 
 
 
Net income (loss) attributable to the Company – common shares
$
(69,099
)
 
$
1,410

 
$
71,001

 
$
(32,108
)
Net income (loss) attributable to the Company per common share – basic and diluted
$
(69,099
)
 
$
1,410

 
$
71,001

 
$
(32,108
)
 
 
 
 
 
 
 
 
DENOMINATOR:
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
360,233

 
359,538

 
360,074

 
359,317

Stock options and restricted stock(1)

 
2,065

 
1,080

 

Weighted average common shares outstanding - diluted
360,233

 
361,603

 
361,154

 
359,317

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

 
 

 
 

 
 

Basic
$
(0.19
)
 
$

 
$
0.20

 
$
(0.09
)
Diluted
$
(0.19
)
 
$

 
$
0.20

 
$
(0.09
)

(1) 
Outstanding equity awards of 8.3 million and 2.4 million for the three months ended June 30, 2016 and 2015, respectively, and 5.2 million and 8.5 million for the six months ended June 30, 2016 and 2015, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.