Earnings Per Common Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

The following table provides reconciliation between basic and diluted earnings per common share:

	For the three months ended March 31,
	2012		2011
Net income attributable to Golden Star shareholders	$	9,113	$	5,928
Weighted average number of shares (millions)	258.7		258.6
Dilutive securities:
Options	0.2		1.2
Convertible debentures	0.0		0.0
Weighted average number of diluted shares (millions)	258.9		259.8
Net income per share attributable to Golden Star shareholders:
Basic	$	0.035	$	0.023
Diluted	$	0.035	$	0.023

Options to purchase 12.5 million and 7.2 million shares of common stock were outstanding at March 31, 2012 and 2011, respectively, but were not included in the computation of diluted weighted average common shares because their effect would have been anti-dilutive. In addition, we had 25.0 million shares related to the convertible debentures that were not dilutive for either period.