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,

 

 

 

 

 

 

2016

 

2015

NUMERATOR:

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company – common shares

 

$

(88,515)

 

$

(384,966)

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

 

$

(88,515)

 

$

(384,966)

 

 

 

 

 

 

 

 

 

 

 

 

 

DENOMINATOR:

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding - basic

 

 

84,409

 

 

84,118

Weighted average common shares outstanding - diluted

 

 

84,409

 

 

84,118

 

 

 

 

 

 

 

 

 

 

 

 

 

Net loss attributable to the Company per common share:

 

 

 

 

 

 

 

Basic

 

 

 

 

 

 

$

(1.05)

 

$

(4.58)

 

Diluted

 

 

 

 

 

 

$

(1.05)

 

$

(4.58)

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Outstanding equity awards of 7.1 million and 6.5 million for the three months ended March 31, 2016 and 2015, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.