EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

Three Months Ended

 June 30,

 

Six Months Ended

June 30,

 

 

2013

 

2012

 

2013

 

2012

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the

      Company – common shares

$

 8,908  

 

$

 (8,116) 

 

$

 (65,370) 

 

$

 (51,986) 

 

Less: Participating securities dividends

 

 -  

 

 

 383  

 

 

 2,566  

 

 

 7,858  

Net loss attributable to the Company per common share –

      basic and diluted

$

 8,908  

 

$

 (8,499) 

 

$

 (67,936) 

 

$

 (59,844) 

 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – basic

 

 357,501  

 

 

 356,944  

 

 

 357,427  

 

 

 356,655  

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock (1)

 

 1,265  

 

 

 -  

 

 

 -  

 

 

 -  

Weighted average common shares outstanding – diluted

 

 358,766  

 

 

 356,944  

 

 

 357,427  

 

 

 356,655  

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) attributable to the Company

      per common share:

 

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 0.02  

 

$

 (0.02) 

 

$

 (0.19) 

 

$

 (0.17) 

 

Diluted

$

 0.02  

 

$

 (0.02) 

 

$

 (0.19) 

 

$

 (0.17) 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)     Equity awards of 6.1 million and 9.9 million were outstanding for the three months ended June 30, 2013 and 2012, respectively, and 9.6 million and 9.9 million were outstanding for the six months ended June 30, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.