2.2.0.25falsefalse11001 - Disclosure - Earnings Per Sharetruefalsefalse1falsefalseUSDfalsefalse1/1/2011 - 3/31/2011
USD ($)
USD ($) / shares
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<div style="font-family: 'Times New Roman',Times,serif;">
<div style="margin-top: 12pt; font-size: 10pt;" align="left"><b>10. EARNINGS PER SHARE</b> </div>
<div style="margin-top: 6pt; font-size: 10pt;" align="left"> The following is a reconciliation of the numerator and denominator used for the computation of basic and diluted net income per common share. </div>
<div align="center">
<table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="60%">
<tr valign="bottom"><td width="76%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td>
<td width="5%"> </td>
<td width="1%"> </td></tr>
<tr style="font-size: 8pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="6" nowrap="nowrap" align="center"><b>For the Three Months Ended</b></td>
<td> </td></tr>
<tr style="font-size: 8pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="6" nowrap="nowrap" align="center"><b>March 31,</b></td>
<td> </td></tr>
<tr style="font-size: 8pt;" valign="bottom"><td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2011</b></td>
<td> </td>
<td> </td>
<td style="border-bottom: #000000 1px solid;" colspan="2" nowrap="nowrap" align="center"><b>2010</b></td>
<td> </td></tr>
<tr style="font-size: 8pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="6" nowrap="nowrap" align="center">(In thousands, except</td>
<td> </td></tr>
<tr style="font-size: 8pt;" valign="bottom"><td> </td>
<td> </td>
<td colspan="6" nowrap="nowrap" align="center">per share data)</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Net income (loss) attributable to Quicksilver</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$ </td>
<td align="right">(70,758</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">8,188</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Basic income allocable to participating securities <sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></div></td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td>
<td> </td>
<td nowrap="nowrap" align="left"> </td>
<td align="right">(107</td>
<td nowrap="nowrap">)</td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Basic net income (loss) attributable to Quicksilver</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$ </td>
<td align="right">(70,758</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">8,081</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Impact of assumed conversions – interest on 1.875% convertible debentures, net of income taxes</div></td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Income (loss) available to stockholders assuming conversion of convertible debentures</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$ </td>
<td align="right">(70,758</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">8,081</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 3px double;" colspan="3" nowrap="nowrap" align="right"> </td>
<td> </td>
<td style="border-top: #000000 3px double;" colspan="3" nowrap="nowrap" align="right"> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Weighted average common shares – basic</div></td>
<td> </td>
<td> </td>
<td align="right">168,872</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">167,856</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Effect of dilutive securities <sup style="font-size: 85%; vertical-align: text-top;">(2)</sup>:</div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Share-based compensation awards</div></td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">864</td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Contingently convertible debentures</div></td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">-</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td>
<td> </td>
<td style="border-top: #000000 1px solid;" colspan="3" nowrap="nowrap" align="right"> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Weighted average common shares – diluted</div></td>
<td> </td>
<td> </td>
<td align="right">168,872</td>
<td> </td>
<td> </td>
<td> </td>
<td align="right">168,720</td>
<td> </td></tr>
<tr style="font-size: 1px;"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td style="border-top: #000000 3px double;" colspan="3" nowrap="nowrap" align="right"> </td>
<td> </td>
<td style="border-top: #000000 3px double;" colspan="3" nowrap="nowrap" align="right"> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr style="background: #cceeff;" valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Earnings (loss) per common share – basic</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$ </td>
<td align="right">(0.42</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">0.05</td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;"> </div></td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td>
<td> </td></tr>
<tr valign="bottom"><td>
<div style="text-indent: -15px; margin-left: 15px;">Earnings (loss) per common share – diluted</div></td>
<td> </td>
<td nowrap="nowrap" align="right">$ </td>
<td align="right">(0.42</td>
<td nowrap="nowrap">)</td>
<td> </td>
<td align="right">$</td>
<td align="right">0.05</td>
<td> </td></tr></table></div>
<table style="font-size: 10pt;" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr><td width="5%"> </td>
<td width="1%"> </td>
<td width="94%"> </td></tr>
<tr valign="top"><td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top;">(1)</sup></td>
<td> </td>
<td>Restricted share awards that contain nonforfeitable rights to dividends are participating securities and, therefore, should be included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses.</td></tr>
<tr style="font-size: 3pt;"><td> </td></tr>
<tr valign="top"><td nowrap="nowrap" align="left"><sup style="font-size: 85%; vertical-align: text-top;">(2)</sup></td>
<td> </td>
<td>For the three months ended March 31, 2011 and 2010, the effects of 9.8 million shares associated with our contingently convertible debt and stock options and unvested restricted stock units representing 2.8 million shares and 1.3 million, respectively, were antidilutive and, therefore, excluded from the diluted share calculations.</td></tr></table></div> </div>10. EARNINGS PER SHARE
The following is a reconciliation of the numerator and denominator used for the computation of basic andfalsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringThis element may be used to capture the complete disclosure pertaining to an entity's earnings per share.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
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