EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

(In thousands, except per share data)

Three Months Ended

June 30,

Six Months Ended

June 30,

2014 

2013 

2014 

2013 

NUMERATOR:

Net income (loss) attributable to the

      Company – common shares

$

 51,037 

$

 8,908 

$

 (45,833) 

$

 (65,370) 

Less: Participating securities dividends

 - 

 - 

 - 

 2,566 

Net income (loss) attributable to the Company per

      common share – basic and diluted

$

 51,037 

$

 8,908 

$

 (45,833) 

$

 (67,936) 

DENOMINATOR:

Weighted average common shares outstanding – basic

 358,453 

 357,501 

 358,425 

 357,427 

Effect of dilutive securities:

Stock options and restricted stock ⁽¹⁾

 1,379 

 1,265 

 - 

 - 

Weighted average common shares outstanding – diluted

 359,832 

 358,766 

 358,425 

 357,427 

Net income (loss) attributable to the Company

      per common share:

Basic

$

 0.14 

$

 0.02 

$

 (0.13) 

$

 (0.19) 

Diluted

$

 0.14 

$

 0.02 

$

 (0.13) 

$

 (0.19) 

⁽¹⁾     Equity awards of 6.2 million and 6.1 million were outstanding for the three months ended June 30, 2014 and 2013, respectively, and 9.6 million and 9.6 million were outstanding for the six months ended June 30, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.