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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2014
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 June 30,
 
For the Six Months Ended June 30,
 
2014

 
2013

 
2014

 
2013

Net loss attributable to CME Ltd.
 
 
 
 
 
 
 
Net loss
$
(52,438
)
 
$
(40,962
)
 
$
(100,353
)
 
$
(149,238
)
Less: preferred dividend paid in-kind
3,959

 
247

 
7,803

 
247

Net loss attributable to CME Ltd. – Basic
$
(56,397
)
 
$
(41,209
)
 
$
(108,156
)
 
$
(149,485
)
 
 
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
 
 
Preferred dividend paid in-kind
(3,959
)
 
(247
)
 
(7,803
)
 
(247
)
Net loss attributable to CME Ltd. – Diluted
$
(52,438
)
 
$
(40,962
)
 
$
(100,353
)
 
$
(149,238
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
146,455

 
122,115

 
146,410

 
105,349

Dilutive effect of employee stock options,RSUs and common stock warrants
—

 
—

 
—

 
—

Weighted average outstanding shares of common stock - diluted
146,455

 
122,115

 
146,410

 
105,349

 
 
 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.36
)
 
$
(0.34
)
 
$
(0.69
)
 
$
(1.42
)
Diluted
$
(0.36
)
 
$
(0.34
)
 
$
(0.69
)
 
$
(1.42
)
(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.