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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2012
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
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,
 
2012

 
2011

 
2012

 
2011

Net loss attributable to CME Ltd.
$
(32,049
)
 
$
(82,074
)
 
$
(41,485
)
 
$
(102,220
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
88,134

 
64,393

 
73,065

 
64,382

Dilutive effect of employee stock options and RSUs
—

 
—

 
—

 
—

Weighted average outstanding shares of common stock - diluted
88,134

 
64,393

 
73,065

 
64,382

 
 
 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.36
)
 
$
(1.27
)
 
$
(0.57
)
 
$
(1.59
)
Diluted
$
(0.36
)
 
$
(1.27
)
 
$
(0.57
)
 
$
(1.59
)

(1) For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Preferred Share are included in the weighted average outstanding shares of common stock - basic, primarily because the holder of the Preferred Share is entitled to receive dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.