EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

(In thousands, except per share data)

Year Ended December 31,

2012 

2011 

2010 

NUMERATOR:

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

$

 (183,112) 

$

42,946 

$

 (87,523) 

Less: Participating securities dividends

 8,456 

 2,972 

 5,916 

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

$

 (191,568) 

$

 39,974 

$

 (93,439) 

DENOMINATOR:

Weighted average common shares outstanding – basic

 356,915 

 355,907 

 355,568 

Effect of dilutive securities:

Stock options and restricted stock (1)

 - 

 621 

 - 

Weighted average common shares outstanding – diluted

 356,915 

 356,528 

 355,568 

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

Basic

$

 (0.54) 

$

 0.11 

$

 (0.26) 

Diluted

$

 (0.54) 

$

 0.11 

$

 (0.26)