NET INCOME (LOSS) PER SHARE

9 Months Ended

Sep. 30, 2013

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

3. NET INCOME (LOSS) PER SHARE

        Basic net income (loss) per share is computed on the basis of the weighted average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted average number of common shares and, if dilutive, potential common shares outstanding during the period. Potential common shares are calculated using the "treasury stock" method and consist of shares underlying outstanding equity awards. The number of shares excluded from the diluted net income (loss) per common share computation because their effect was antidilutive was 3,789,106 and 2,544,140 for the three months ended September 30, 2012 and 2013, respectively, and 3,789,106 and 2,547,890 for the nine months ended September 30, 2012 and 2013, respectively.

        The components of basic and diluted net income (loss) per share were as follows:

	Three months ended September 30,					Nine months ended September 30,
	2012			2013		2012		2013
Net income (loss) attributable to CTC Media, Inc. stockholders	$	(38,480	)	$	46,655	$	28,188	$	106,836
Weighted average common shares outstanding—basic
Common stock		158,160,719			155,986,822		157,939,820		157,286,789
Dilutive effect of:
Stock-based awards		—			112,386		355,912		52,283
Weighted average common shares outstanding—diluted		158,160,719			156,099,208		158,295,732		157,339,072
Net income (loss) per share attributable to CTC Media, Inc. stockholders:
Basic	$	(0.24	)	$	0.30	$	0.18	$	0.68
Diluted	$	(0.24	)	$	0.30	$	0.18	$	0.68

        The numerator used to calculate diluted net income (loss) per common share for the three and nine months ended September 30, 2012 and 2013 was net income (loss) attributable to CTC Media, Inc. stockholders.