EX-11.1 8 rdn-ex1111_2011630xq2.htm SCHEDULE OF NET INCOME LOSS PER SHARE RDN-EX11.1.1_2011.6.30-Q2



EXHIBIT 11

Radian Group Inc.
Schedule of Net Income (Loss) per Share
 
Three Months Ended
June 30,
 
 
Six Months Ended
June 30,
 
(In thousands, except per-share amounts and market prices)
2011
 
2010
 
2011
 
2010
Net income (loss)
$
137,115

 
$
(475,080
)
 
$
240,121

 
$
(785,435
)
Average diluted stock options outstanding
1,030

 
—

 
1,030

 
—

Average exercise price per share
$
3.10

 
$
—

 
$
3.10

 
$
—

Average market price per share—diluted basis
$
5.09

 
$
—

 
$
6.29

 
$
—

Average common shares outstanding
132,185

 
110,282

 
132,185

 
96,420

Increase in share due to potential exercise of common stock equivalents—diluted basis (1)
1,429

 
—

 
1,539

 
—

Adjusted shares outstanding—diluted
133,614

 
110,282

 
133,724

 
96,420

Net income (loss) per share—basic
$
1.04

 
$
(4.31
)
 
$
1.82

 
$
(8.15
)
Net income (loss) per share—diluted
$
1.03

 
$
(4.31
)
 
$
1.80

 
$
(8.15
)
________________

(1)
For the three and six months ended June 30, 2011, 3,268,525 shares of our common stock equivalents issued under our stock-based compensation plans were not included in the calculation of diluted net income per share as of such date because they were anti-dilutive. As a result of our net loss for the three and six months ended June 30, 2010, 4,427,985 shares of our common stock equivalents issued under our stock-based compensations plans were not included in the calculation of diluted net loss per share because they were anti-dilutive.