Earnings/(loss) per share

12 Months Ended

Dec. 31, 2011

Earnings/(loss) per share

23. Earnings/(loss) per share

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

	Twelve months ended December 31,
	2011			2010			2009
	(Restated, see note 2)			(Restated, see note 2)
Basic:
Net income / (loss) from continuing operations, net of noncontrolling interests in subsidiaries	$	(1,323,384	)	$	(129,668	)	$	72,677
Income / (loss) on discontinued operations		0			(8,405	)		8,360
Net income / (loss)		(1,323,384	)		(138,073	)		81,037
Weighted average shares of common stock outstanding (used to calculate basic EPS)		72,172			70,058			53,772
Net effect of dilutive employee stock options based on the treasury stock method		136			270			208
Weighted average shares of common stock outstanding (used to calculate diluted EPS)		72,308			70,328			53,980
Net income / (loss) per common share—basic:
Continuing operations	$	(18.34	)	$	(1.85	)	$	1.35
Discontinued operations	$	0.00		$	(0.12	)	$	0.16
	$	(18.34	)	$	(1.97	)	$	1.51
Net income / (loss) per common share—diluted:
Continuing operations	$	(18.34	)	$	(1.85	)	$	1.35
Discontinued operations	$	0.00		$	(0.12	)	$	0.15
	$	(18.34	)	$	(1.97	)	$	1.50

Employee stock options grants 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 twelve months periods ended December 31, 2011, 2010 and 2009. 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 period.