COMPUTATION OF EARNINGS (LOSS) PER SHARE
Published on October 31, 2011
EXHIBIT 11 COMPUTATION OF EARNINGS (LOSS) PER SHARE
| (In thousands, except per share data) |
Three Months Ended September 30, |
Nine Months Ended September 30, |
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| 2011 | 2010 | 2011 | 2010 | |||||||||||||
| NUMERATOR: |
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| Income (loss) attributable to the Company common shares |
$ | 3,213 | $ | (34,894 | ) | $ | 20,367 | $ | (91,803 | ) | ||||||
| Less: Participating securities dividends |
1,132 | 1,196 | 2,580 | 2,589 | ||||||||||||
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| Net income (loss) attributable to the Company per common share basic and diluted |
$ | 2,081 | $ | (36,090 | ) | $ | 17,787 | $ | (94,392 | ) | ||||||
| DENOMINATOR: |
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| Weighted average common shares outstanding basic |
355,940 | 355,585 | 355,873 | 355,530 | ||||||||||||
| Effect of dilutive securities: |
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| Stock options and restricted stock (1) |
488 | | 683 | | ||||||||||||
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| Weighted average common shares outstanding diluted |
356,428 | 355,585 | 356,556 | 355,530 | ||||||||||||
| Net income (loss) attributable to the Company per common share: |
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| Basic |
$ | 0.01 | $ | (0.10 | ) | $ | 0.05 | $ | (0.27 | ) | ||||||
| Diluted |
$ | 0.01 | $ | (0.10 | ) | $ | 0.05 | $ | (0.27 | ) | ||||||
| (1) | Equity awards of 6.2 million and 5.5 million were outstanding as of September 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. |