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Earnings Per Common Share
9 Months Ended
Sep. 30, 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
September 30,
 
For the nine months ended
September 30,
 
2012
 
2011
 
2012
 
2011
Net loss attributable to Golden Star shareholders
$
(30,207
)
 
$
(10,196
)
 
$
(18,610
)

$
(9,316
)
 
 
 
 
 
 



Weighted average number of shares (millions)
258.9

 
258.6

 
258.8


258.6

Dilutive securities:
 
 
 
 
 


Options

 

 



Deferred stock units

 

 

 

Convertible debentures

 

 



Weighted average number of diluted shares (millions)
258.9

 
258.6

 
258.8

 
258.6

 
 
 
 
 
 
 
 
Net loss per share attributable to Golden Star shareholders:
 
 
 
 
 
 
 
Basic
$
(0.12
)
 
$
(0.04
)
 
$
(0.07
)
 
$
(0.04
)
Diluted
$
(0.12
)
 
$
(0.04
)
 
$
(0.07
)
 
$
(0.04
)

Options to purchase 12.5 million and 7.8 million shares of common stock were outstanding at September 30, 2012, and 2011, respectively, but were not included in the computation of diluted weighted average common shares because their effect would not be dilutive. Deferred Stock Units totaling 0.4 million and zero shares of common stock were outstanding at September 30, 2012 and 2011, respectively, but were not included in the computation of diluted weighted average common shares because their effect would not be dilutive. In addition, we had 39.3 million and 25.0 million shares of common stock potentially outstanding at September 30, 2012 and 2011, respectively, related to the convertible debentures that were not dilutive.