STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (LOSS).
Published on August 3, 2011
EXHIBIT 11 COMPUTATION OF EARNINGS (LOSS) PER SHARE
| (In thousands, except per share data) | Three Months Ended June 30, | Six Months Ended June 30, | ||||||||||||||
| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| NUMERATOR: |
||||||||||||||||
| Income (loss) attributable to the Company common shares |
$ | 26,695 | $ | (9,127) | $ | 17,154 | $ | (56,909) | ||||||||
| Less: Participating securities dividends |
235 | 243 | 1,448 | 1,393 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Net income (loss) attributable to the Company per common share basic and diluted |
$ | 26,460 | $ | (9,370) | $ | 15,706 | $ | (58,302) | ||||||||
| DENOMINATOR: |
||||||||||||||||
| Weighted average common shares outstanding basic |
355,883 | 355,542 | 355,839 | 355,502 | ||||||||||||
| Effect of dilutive securities: |
||||||||||||||||
| Stock options and restricted stock (1) |
775 | | 785 | | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Weighted average common shares outstanding diluted |
356,658 | 355,542 | 356,624 | 355,502 | ||||||||||||
| Net income (loss) attributable to the Company per common share: |
||||||||||||||||
| Basic |
$ | 0.07 | $ | (0.03) | $ | 0.04 | $ | (0.16) | ||||||||
| Diluted |
$ | 0.07 | $ | (0.03) | $ | 0.04 | $ | (0.16) | ||||||||
| (1) | Equity awards of 6.3 million and 5.6 million were outstanding as of June 30, 2011 and 2010, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive. |