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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 30, 2013
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,
 
2013

 
2012

 
2013

 
2012

Net loss attributable to CME Ltd.
 
 
 
 
 
 
 
Net loss
$
(23,091
)
 
$
(32,049
)
 
$
(172,329
)
 
$
(41,485
)
Less: preferred dividend paid-in-kind
3,785

 
—

 
4,032

 
—

Net loss attributable to CME Ltd. – Basic
$
(26,876
)
 
$
(32,049
)
 
$
(176,361
)
 
$
(41,485
)
 
 
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
 
 
Preferred dividend paid-in-kind
(3,785
)
 
—

 
(4,032
)
 
—

Net loss attributable to CME Ltd. – Diluted
$
(23,091
)
 
$
(32,049
)
 
$
(172,329
)
 
$
(41,485
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
145,695

 
88,134

 
118,944

 
73,065

Dilutive effect of employee stock options and RSUs
—

 
—

 
—

 
—

Weighted average outstanding shares of common stock - diluted
145,695

 
88,134

 
118,944

 
73,065

 
 
 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.16
)
 
$
(0.36
)
 
$
(1.45
)
 
$
(0.57
)
Diluted
$
(0.16
)
 
$
(0.36
)
 
$
(1.45
)
 
$
(0.57
)
(1) 
For the purpose of computing basic earnings per share, the 11,211,449 shares of Class A common stock underlying the Series A Preferred Share are included in the weighted average outstanding shares of common stock - basic, primarily because the holder of the Series A Preferred Share is entitled to receive any dividends payable when dividends are declared by the Board of Directors with respect to any shares of common stock.