Earning Per Share and Dilutation Computations

3 Months Ended

Mar. 31, 2013

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 months ended March 31, 2013 and 2012. 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 ended March 31, 2013 and March 31, 2012 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,
		2013		2012
Net loss attributable to Crosstex Energy, Inc.		$	(2,936)	$	(825)
Distributed earnings allocated to:
	Common shares	$	5,707	$	5,209
	Unvested restricted shares		138		158
	Total distributed earnings	$	5,845	$	5,367
Undistributed loss allocated to:
	Common shares	$	(8,513)	$	(6,016)
	Unvested restricted shares		(268)		(176)
	Senior subordinated series D units
	Total undistributed loss	$	(8,781)	$	(6,192)
Net loss allocated to:
	Common shares	$	(2,806)	$	(807)
	Unvested restricted shares		(130)		(18)
	Total net loss	$	(2,936)	$	(825)
Basic and diluted net loss per share:
	Basic common share	$	(0.06)	$	(0.02)
	Diluted common share	$	(0.06)	$	(0.02)

The following are the common share amounts used to compute the basic and diluted earnings per common share for the three months ended March 31, 2013 and 2012 (in thousands):

		Three Months Ended March 31,
		2013	2012


Basic and diluted weighted average shares outstanding:
	Weighted average common shares outstanding	47,568	47,350