EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

(In thousands, except per share data)

Three Months Ended

March 31,

2014 

2013 

NUMERATOR:

Net loss attributable to the Company – common shares

$

 (96,870) 

$

 (74,278) 

Less: Participating securities dividends

 - 

 2,566 

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

$

 (96,870) 

$

 (76,844) 

DENOMINATOR:

Weighted average common shares outstanding – basic

 358,397 

 357,352 

Effect of dilutive securities:

Stock options and restricted stock ⁽¹⁾

 - 

 - 

Weighted average common shares outstanding – diluted

 358,397 

 357,352 

Net loss attributable to the Company per common share:

Basic

$

 (0.27) 

$

 (0.22) 

Diluted

$

 (0.27) 

$

 (0.22) 

⁽¹⁾     Equity awards of 8.9 million and 9.2 million were outstanding for the three months ended March 31, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.