Earning Per Share and Dilutation Computations

3 Months Ended

Mar. 31, 2012

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 months endedMarch 31, 2012 and 2011. 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 months endedMarch 31, 2012 and March 31, 2011 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 March 31,
		2012		2011
Net loss attributable to Crosstex Energy, Inc.		$	(825)	$	(1,536)
Distributed earnings allocated to:
	Common shares	$	5,209	$	3,763
	Unvested restricted shares		158		75
	Total distributed earnings	$	5,367	$	3,838
Undistributed loss allocated to:
	Common shares	$	(6,016)	$	(5,265)
	Unvested restricted shares		(176)		(109)
	Senior subordinated series D units
	Total undistributed loss	$	(6,192)	$	(5,374)
Net loss allocated to:
	Common shares	$	(807)	$	(1,502)
	Unvested restricted shares		(18)		(34)
	Total net loss	$	(825)	$	(1,536)
Basic and diluted net loss per share:
	Basic common share	$	(0.02)	$	(0.03)
	Diluted common share		(0.02)		(0.03)

The following are the common share amounts used to compute the basic and diluted earnings per common share for the three months endedMarch 31, 2012 and 2011 (in thousands):

		Three Months Ended March 31,
		2012	2011
Basic and diluted weighted average shares outstanding:
	Weighted average common shares outstanding	47,350	47,075