EXHIBIT 11 – COMPUTATION OF LOSS PER SHARE

(In thousands, except per share data)

Year Ended December 31,

2014

2013

2012

NUMERATOR:

Net loss attributable to the Company – common shares

$

 (9,590) 

$

 (48,460) 

$

 (183,112) 

Less: Participating securities dividends

 -  

 2,566  

 8,456  

Net loss attributable to the Company per common share – basic

   and diluted

$

 (9,590) 

$

 (51,026) 

$

 (191,568) 

DENOMINATOR:

Weighted average common shares outstanding – basic

 358,565  

 357,662  

 356,915  

Effect of dilutive securities:

Stock options and restricted stock ⁽¹⁾

 -  

 -  

 -  

Weighted average common shares outstanding – diluted

 358,565  

 357,662  

 356,915  

Net loss attributable to the Company per common share:

Basic

$

 (0.03) 

$

 (0.14) 

$

 (0.54) 

Diluted

$

 (0.03) 

$

 (0.14) 

$

 (0.54) 

⁽¹⁾

8.5 million, 8.8 million, and 9.5 million stock options were outstanding at December 31, 2014, 2013 and 2012, respectively, that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive.