Earnings Per Share

9 Months Ended

Sep. 30, 2011

Earnings Per Share

11. EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated.

	Three months ended September 30,					Nine months ended September 30,
	2011			2010		2011			2010
	(Restated, see Note 3)					(Restated, see Note 3)
Basic:
Net income / (loss) from continuing operations, net of noncontrolling interests in subsidiaries	$	(848,735	)	$	68,879	$	(854,102	)	$	10,314
Income / (loss) on discontinued operations		0			31,017		0			(11,778	)
Net income / (loss)	$	(848,735	)	$	99,896	$	(854,102	)	$	(1,464	)
Weighted average shares of common stock outstanding (used to calculate basic EPS)		72,490			70,432		72,063			69,925
Net effect of dilutive employee stock options based on the treasury stock method		104			183		115			270
Weighted average shares of common stock outstanding (used to calculate diluted EPS)		72,594			70,615		72,178			70,195
Net income / (loss) per common share - basic:
Continuing operations	$	(11.71	)	$	0.98	$	(11.85	)	$	0.15
Discontinued operations	$	0.00		$	0.44	$	0.00		$	(0.17	)
	$	(11.71	)	$	1.42	$	(11.85	)	$	(0.02	)
Net income / (loss) per common share - diluted:
Continuing operations	$	(11.71	)	$	0.98	$	(11.85	)	$	0.15
Discontinued operations	$	0.00		$	0.43	$	0.00		$	(0.17	)
	$	(11.71	)	$	1.41	$	(11.85	)	$	(0.02	)

Employee stock options granted have been included in the above calculations of diluted earnings per share since the exercise price is less than the average market price of the common stock during the three and nine month periods ended September 30, 2011 and 2010. In addition there is no adjustment to fully diluted shares related to the Convertible Senior Notes as the average market price was below the conversion price for the periods.