EX-11 2 rdn-ex111_2013930xq3.htm STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS RDN-EX11.1_2013.9.30-Q3



EXHIBIT 11

Radian Group Inc.
Schedule of Net (Loss) Income per Share
 
Three Months Ended
September 30,
 
Nine Months Ended September 30,
(In thousands, except per-share amounts and market prices)
2013
 
2012
 
2013
 
2012
Net (loss) income
$
(12,682
)
 
$
14,325

 
$
(233,354
)
 
$
(274,166
)
Average diluted stock options outstanding
—

 
1,751

 
—

 
—

Average exercise price per share
$
—

 
$
2.46

 
$
—

 
$
—

Average market price per share—diluted basis
$
—

 
$
3.49

 
$
—

 
$
—

Average common shares outstanding
171,830

 
132,521

 
162,828

 
132,530

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

 
1,512

 
—

 
—

Adjusted shares outstanding—diluted
171,830

 
134,033

 
162,828

 
132,530

Net (loss) income per share—basic
$
(0.07
)
 
$
0.11

 
$
(1.43
)
 
$
(2.07
)
Net (loss) income per share—diluted
$
(0.07
)
 
$
0.11

 
$
(1.43
)
 
$
(2.07
)
________________

(1)
As a result of our net loss for the three and nine months ended September 30, 2013, 43,289,967 shares of our common stock equivalents issued under our stock-based compensation arrangements and convertible debt were not included in the calculation of diluted net loss per share as of such dates because they were anti-dilutive. For the three months ended September 30, 2012, 2,479,966 shares of our common stock equivalents issued under our stock-based compensation arrangements 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 nine months ended September 30, 2012, 5,890,581 shares of our common stock equivalents issued under our stock-based compensation arrangements were not included in the calculation of diluted net loss per share as of such date because they were anti-dilutive.