EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2014

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 March 31,
	2014			2013
Net loss attributable to CME Ltd.
Net loss	$	(47,916	)	$	(108,280	)
Less: preferred dividend paid-in-kind	3,844			—
Net loss attributable to CME Ltd. – Basic	$	(51,760	)	$	(108,280	)

Effect of dilutive securities
Preferred dividend paid-in-kind	(3,844		)	—
Net loss attributable to CME Ltd. – Diluted	$	(47,916	)	$	(108,280	)

Weighted average outstanding shares of common stock - basic ⁽¹⁾	146,374			88,397
Dilutive effect of employee stock options and RSUs	—			—
Weighted average outstanding shares of common stock - diluted	146,374			88,397

Net loss per share:
Basic	$	(0.33	)	$	(1.23	)
Diluted	$	(0.33	)	$	(1.23	)

⁽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.