EX-11 2 Exhibit11.htm STATEMENT RE: COMPUTATION OF LOSS PER SHARE  

 

EXHIBIT 11 COMPUTATION OF LOSS PER SHARE

 

 

 

 

 

 

 

 

 

 

 

 

 

(In thousands, except per share data)

 

 

Three Months Ended

 

 

 

 

March 31,

 

 

 

 

 

 

2015

 

2014

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company – common shares

 

$

 (384,966) 

 

$

 (424,190) 

Net loss attributable to the Company per common share – basic and diluted

 

$

 (384,966) 

 

$

 (424,190) 

 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

 84,118  

 

 

 83,800  

Effect of dilutive securities:

 

 

 

 

 

 

 

 

 

 

 

 

Stock options and restricted stock (1)

 

 

 

 

 

 

 

 -    

 

 

 -    

Weighted average common shares outstanding - diluted

 

 

 84,118  

 

 

 83,800  

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company per common share:

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

$

 (4.58) 

 

$

 (5.06) 

 

Diluted

 

 

 

 

 

 

$

 (4.58) 

 

$

 (5.06) 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)    Equity awards of 6.5 million and 6.2 million were outstanding for the three months ended March 31, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.