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Earning Per Share and Dilutation Computations
 9 Months Ended
Sep. 30, 2012
Earnings Per Share, Diluted [Abstract]  
Earning per Share and Dilution Computations

(6) 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 and nine months ended September 30, 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 and nine months ended September 30, 2012 and September 30, 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 September 30, Nine Months Ended September 30, 
    2012 2011 2012 2011 
 Net loss attributable to Crosstex Energy, Inc. $ (4,314) $ (1,588) $ (6,810) $ (4,198) 
 Distributed earnings allocated to:             
  Common shares  $ 5,687 $ 4,719 $ 16,578 $ 12,720 
  Unvested restricted shares    170   115   500   305 
  Total distributed earnings  $ 5,857 $ 4,834 $ 17,078 $ 13,025 
 Undistributed loss allocated to:         
  Common shares $ (9,885) $ (6,275) $ (23,207) $ (16,821) 
  Unvested restricted shares    (286)   (147)   (681)   (402) 
  Senior subordinated series D units              
  Total undistributed loss  $ (10,171) $ (6,422) $ (23,888) $ (17,223) 
 Net loss allocated to:             
  Common shares $ (4,198) $ (1,556) $ (6,629) $ (4,101) 
  Unvested restricted shares    (116)   (32)   (181)   (97) 
  Total net loss  $ (4,314) $ (1,588) $ (6,810) $ (4,198) 
 Basic and diluted net loss per share:         
  Basic common share $ (0.09) $ (0.04) $ (0.14) $ (0.09) 
  Diluted common share   (0.09)   (0.04)   (0.14)   (0.09) 

The following are the common share amounts used to compute the basic and diluted earnings per common share for the three and nine months ended September 30, 2012 and 2011 (in thousands):

 

     Three Months Ended September 30, Nine Months Ended September 30, 
     2012 2011 2012 2011 
             
             
 Basic and diluted weighted average shares outstanding:         
  Weighted average common shares outstanding   47,396  47,191  47,372  47,136