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Loss Per Share Attributable to Comverse Technology, Inc.'s Shareholders
 12 Months Ended
Jan. 31, 2012
Earnings Per Share [Abstract]  
Loss Per Share Attributable To Comverse Technology, Inc.'s Shareholders
LOSS PER SHARE ATTRIBUTABLE TO COMVERSE TECHNOLOGY, INC.’S SHAREHOLDERS
Basic loss per share attributable to Comverse Technology, Inc.’s shareholders is computed using the weighted average number of shares of common stock outstanding. For purposes of computing diluted loss per share attributable to Comverse Technology, Inc.’s shareholders, shares issuable upon exercise of stock options and deliverable in settlement of unvested DSU and RSU awards are included in the weighted average number of shares of common stock outstanding, except when the effect would be antidilutive. The dilutive impact of subsidiary stock-based awards on Comverse Technology, Inc.’s reported net loss is recorded as an adjustment to net loss for the fiscal years ended January 31, 2012, 2011 and 2010, respectively, for the purposes of calculating loss per share.

The calculation of loss per share attributable to Comverse Technology, Inc.’s shareholders for the fiscal years ended January 31, 2012, 2011 and 2010 was as follows:
 
 
 
Fiscal Years Ended January 31,
 
 
2012
 
2011
 
2010
 
 
(In thousands, except per share data)
Numerator:
 
 
 
 
 
 
Net loss from continuing operations attributable to
       Comverse Technology, Inc.-basic
 
$
(58,726
)
 
$
(125,617
)
 
$
(230,430
)
Adjustment for subsidiary stock options
 
(229
)
 
(254
)
 
(178
)
Net loss from continuing operations attributable to
       Comverse Technology, Inc.-diluted
 
$
(58,955
)
 
$
(125,871
)
 
$
(230,608
)
Net loss from discontinued operations, attributable to
       Comverse Technology, Inc.-basic and diluted
 
$
—

 
$
(6,705
)
 
$
(41,605
)
Denominator:
 
 
 
 
 
 
Basic and diluted weighted average common shares outstanding
 
208,302

 
205,163

 
204,513

Loss per share
 
 
 
 
 
 
Basic
 
 
 
 
 
 
Loss per share from continuing operations attributable to
       Comverse Technology, Inc.
 
$
(0.28
)
 
$
(0.61
)
 
$
(1.13
)
Loss per share from discontinued operations attributable to
       Comverse Technology, Inc.
 
—

 
(0.03
)
 
(0.20
)
Basic loss per share
 
$
(0.28
)
 
$
(0.64
)
 
$
(1.33
)
Diluted
 
 
 
 
 
 
Loss per share from continuing operations attributable to
       Comverse Technology, Inc.
 
$
(0.28
)
 
$
(0.62
)
 
$
(1.13
)
Loss per share from discontinued operations attributable to
       Comverse Technology, Inc.
 
—

 
(0.03
)
 
(0.20
)
Diluted loss per share
 
$
(0.28
)
 
$
(0.65
)
 
$
(1.33
)

As a result of the Company’s net loss attributable to Comverse Technology, Inc. during the fiscal years ended January 31, 2012, 2011 and 2010, the diluted loss per share attributable to Comverse Technology, Inc.’s shareholders computation excludes 0.8 million, 0.9 million and 0.7 million of contingently issuable shares, respectively, because the effect would be antidilutive.
The FASB’s guidance requires contingently convertible instruments be included in diluted earnings per share, if dilutive, regardless of whether a market price trigger has been met. The Convertible Debt Obligations meet the definition of a contingently convertible instrument. The Convertible Debt Obligations were excluded from the computation of diluted earnings per share attributable to Comverse Technology, Inc.’s shareholders because the effect would be antidilutive for the fiscal years ended January 31, 2012, 2011 and 2010.