EX-11 4 Exhibit11.htm STATEMENT RE: COMPUTATION OF LOSS PER SHARE  

 

EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

Three Months Ended

September 30,

Nine Months Ended

September 30,

 

 

2013

 

2012

2013

 

2012

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company – common shares

$

 (101,855) 

 

$

 (50,561) 

$

 (297,656) 

 

$

 (233,215) 

 

Less: Participating securities dividends

 

 -  

 

 

 319  

 

 2,566  

 

 

 8,177  

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

$

 (101,855) 

 

$

 (50,880) 

$

 (300,222) 

 

$

 (241,392) 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding – basic

 

 83,455  

 

 

 82,765  

 

 83,264  

 

 

 82,654  

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock (1)

 

 -  

 

 

 -  

 

 -  

 

 

 -  

Weighted average common shares outstanding – diluted

 

 83,455  

 

 

 82,765  

 

 83,264  

 

 

 82,654  

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company per common share:

 

 

 

 

 

 

 

 

 

 

 

Basic

$

 (1.22) 

 

$

 (0.61) 

$

 (3.61) 

 

$

 (2.92) 

 

Diluted

$

 (1.22) 

 

$

 (0.61) 

$

 (3.61) 

 

$

 (2.92) 

 

 

 

 

 

 

 

 

 

 

 

 

(1)     Equity awards of 6.7 million and 5.1 million were outstanding as of September 30, 2013 and 2012, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.