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EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
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 June 30,
 
For the Six Months Ended June 30,
 
2012

 
2011

 
2012

 
2011

Net income / (loss) attributable to CME Ltd.
$
3,956

 
$
968

 
$
(9,436
)
 
$
(20,146
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock
66,501

 
64,384

 
65,447

 
64,377

Dilutive effect of employee stock options and RSUs
31

 
117

 
—

 
—

Common stock and common stock equivalents
66,532

 
64,501

 
65,447

 
64,377

 
 
 
 
 
 
 
 
Net income / (loss) per share:
 
 
 
 
 
 
 
Basic
$
0.06

 
$
0.02

 
$
(0.14
)
 
$
(0.31
)
Diluted
$
0.06

 
$
0.02

 
$
(0.14
)
 
$
(0.31
)


At June 30, 2012, 3,193,869 (December 31, 2011: 3,763,481) 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 June 30, 2012.