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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 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 Years Ending December 31,
 
2012

 
2011

 
2010

Net loss from continuing operations attributable to CME Ltd.
$
(535,680
)
 
$
(174,611
)
 
$
(113,522
)
Net income from discontinued operations attributable to CME Ltd.
—

 
—

 
213,697

Net (loss) / income attributable to CME Ltd.
$
(535,680
)
 
$
(174,611
)
 
$
100,175

 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
76,919

 
64,385

 
64,029

Dilutive effect of employee stock options and RSUs
—

 
—

 
—

Weighted average outstanding shares of common stock - diluted
76,919

 
64,385

 
64,029

 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
Basic
$
(6.96
)
 
$
(2.71
)
 
$
1.57

Diluted
$
(6.96
)
 
$
(2.71
)
 
$
1.57


(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 any dividends payable when dividends are declared by the Board of Directors with respect to any shares of the common stock.

At December 31, 2012, 3,087,087 (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 December 31, 2012.