XML 93 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 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 Year Ended December 31,
 
2011

 
2010

 
2009

Net loss from continuing operations attributable to CME Ltd.
$
(174,611
)
 
$
(113,522
)
 
$
(60,333
)
Net income / (loss) from discontinued operations attributable to CME Ltd.
—

 
213,697

 
(36,824
)
Net (loss) / income attributable to CME Ltd.
$
(174,611
)
 
$
100,175

 
$
(97,157
)
 
 
 
 
 
 
Weighted average outstanding shares of common stock
64,385

 
64,029

 
54,344

Dilutive effect of employee stock options
—

 
—

 
—

Common stock and common stock equivalents
64,385

 
64,029

 
54,344

 
 
 
 
 
 
Net (loss) / income per share:
 
 
 
 
 
Basic
$
(2.71
)
 
$
1.57

 
$
(1.79
)
Diluted
$
(2.71
)
 
$
1.57

 
$
(1.79
)


At December 31, 2011, 3,763,481 (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 December 31, 2011.