EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

(In thousands, except per share data)

Three Months Ended

March 31,

2016

2015

NUMERATOR:

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

$

140,100

$

(33,518)

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

$

140,100

$

(33,518)

DENOMINATOR:

Weighted average common shares outstanding – basic

359,915

359,093

Effect of dilutive securities:

Stock options and restricted stock ⁽¹⁾

989

-

Weighted average common shares outstanding – diluted

360,904

359,093

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

Basic

$

0.39

$

(0.09)

Diluted

$

0.39

$

(0.09)

⁽¹⁾

Equity awards of 6.1 million and 7.9 million outstanding for the three months ended March 31, 2016 and 2015, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.