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EARNINGS PER SHARE
9 Months Ended
Sep. 30, 2011
Earnings Per Share [Abstract] 
EARNINGS PER SHARE
EARNINGS PER SHARE

The components of basic and diluted earnings per share are as follows:

 
For the Three Months
Ended September 30,
 
For the Nine Months
Ended September 30,
 
2011

 
2010

 
2011

 
2010

Net (loss) / income from continuing operations attributable to CME Ltd.
$
(82,074
)
 
$
3,416

 
$
(102,220
)
 
$
(87,406
)
Net income from discontinued operations attributable to CME Ltd.
—

 
—

 
—

 
213,697

Net (loss) / income attributable to CME Ltd.
$
(82,074
)
 
$
3,416

 
$
(102,220
)
 
$
126,291

 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock
64,393

 
64,337

 
64,382

 
63,918

Dilutive effect of employee stock options
—

 
160

 
—

 
—

Common stock and common stock equivalents
64,393

 
64,497

 
64,382

 
63,918

 
 
 
 
 
 
 
 
Net (loss) / income per share:
 

 
 

 
 
 
 
Basic
$
(1.27
)
 
$
0.05

 
$
(1.59
)
 
$
1.97

Diluted
$
(1.27
)
 
$
0.05

 
$
(1.59
)
 
$
1.97



At September 30, 2011, 3,719,900 (December 31, 2010: 1,827,408) stock options and warrants were antidilutive to income from continuing operations and excluded from the calculation of earnings per share. These may become dilutive in the future. Shares of Class A common stock potentially issuable under our Convertible Notes may also become dilutive in the future, although they were antidilutive to income at September 30, 2011.