Earning Per Share and Dilutation Computations

9 Months Ended

Sep. 30, 2011

Earnings Per Share, Diluted [Abstract]

Earning per Share and Dilution Computations

(5) Earnings per Share and Dilution Computations

Basic earnings per share was computed by dividing net income by the weighted average number of common shares outstanding for the three andnine months endedSeptember 30, 2011 and 2010. The computation of diluted earnings per share further assumes the dilutive effect of common share options and restricted shares. All common share equivalents were antidilutive in the three andnine months endedSeptember 30, 2011 and September 30, 2010 because the Company had a net loss for the periods.

The following table reflects the computation of basic earnings per share for the periods presented (in thousands except per share amounts):

		Three Months Ended September 30,				Nine Months Ended September 30,
		2011		2010		2011		2010
Net loss attributable to Crosstex Energy, Inc.		$	(1,588)	$	(1,980)	$	(4,198)		(9,563)
Distributed earnings allocated to:
	Common shares	$	4,719	$	-	$	12,720	$	-
	Unvested restricted shares		115		-		305		-
	Total distributed earnings	$	4,834	$	-	$	13,025	$	-
Undistributed loss allocated to:
	Common shares	$	(6,275)	$	(1,938)	$	(16,821)	$	(9,313)
	Unvested restricted shares		(147)		(42)		(402)		(250)
	Senior subordinated series D units
	Total undistributed loss	$	(6,422)	$	(1,980)	$	(17,223)	$	(9,563)
Net loss allocated to:
	Common shares	$	(1,556)	$	(1,938)	$	(4,101)	$	(9,313)
	Unvested restricted shares		(32)		(42)		(97)		(250)
	Total net loss	$	(1,588)	$	(1,980)	$	(4,198)	$	(9,563)
Basic and diluted net loss per share:
	Basic common share	$	(0.04)	$	(0.04)	$	(0.09)	$	(0.20)
	Diluted common share		(0.04)		(0.04)		(0.09)		(0.20)

The following are the common share amounts used to compute the basic and diluted earnings per common share for the three and nine months endedSeptember 30, 2011 and 2010 (in thousands):

		Three Months Ended September 30,		Nine Months Ended September 30,
		2011	2010	2011	2010
Basic and diluted weighted average shares outstanding:
	Weighted average common shares outstanding	47,191	46,887	47,136	46,677
Diluted earnings per unit:
	Weighted average limited partner units outstanding	47,140	46,598	47,108	46,571
	Dilutive effect of exercise of options
Diluted weighted average limited partner common units
Diluted weighted average limited partner common units outstanding		47,140	46,598	47,108	46,571
	Weighted average diluted senior subordinated series D