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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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 September 30,
 
For the Nine Months Ended September 30,
 
2014

 
2013

 
2014

 
2013

Net loss attributable to CME Ltd.
 
 
 
 
 
 
 
Net loss
$
(52,138
)
 
$
(23,091
)
 
$
(152,491
)
 
$
(172,329
)
Less: preferred dividend paid in-kind
4,077

 
3,785

 
11,880

 
4,032

Net loss attributable to CME Ltd. – Basic
$
(56,215
)
 
$
(26,876
)
 
$
(164,371
)
 
$
(176,361
)
 
 
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
 
 
Preferred dividend paid in-kind
—

 
—

 
—

 
—

Net loss attributable to CME Ltd. – Diluted
$
(56,215
)
 
$
(26,876
)
 
$
(164,371
)
 
$
(176,361
)
 
 
 
 
 
 
 
 
Weighted average outstanding shares of common stock - basic (1)
146,610

 
145,695

 
146,477

 
118,944

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

 
—

 
—

 
—

Weighted average outstanding shares of common stock - diluted
146,610

 
145,695

 
146,477

 
118,944

 
 
 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
 
 
Basic
$
(0.38
)
 
$
(0.18
)
 
$
(1.12
)
 
$
(1.48
)
Diluted
$
(0.38
)
 
$
(0.18
)
 
$
(1.12
)
 
$
(1.48
)
(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.