XML 70 R50.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2015
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 Year Ending December 31,
 
2015

 
2014

 
2013

Loss from continuing operations
$
(102,285
)
 
$
(151,465
)
 
$
(276,434
)
Net loss attributable to noncontrolling interests
671

 
4,468

 
3,882

Less: preferred dividend paid in kind (Note 12)
(17,272
)
 
(16,036
)
 
(7,890
)
Loss from continuing operations available to common shareholders, net of noncontrolling interest
(118,886
)
 
(163,033
)
 
(280,442
)
Loss from discontinued operations, net of tax (Note 3)
(13,287
)
 
(80,431
)
 
(5,099
)
Net loss attributable to CME Ltd. available to common shareholders - Basic
$
(132,173
)
 
$
(243,464
)
 
$
(285,541
)
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
Preferred dividend paid in kind
—

 
—

 
—

Net loss attributable to CME Ltd. available to common shareholders - Diluted
$
(132,173
)
 
$
(243,464
)
 
$
(285,541
)
 
 
 
 
 
 
Weighted average outstanding shares of common stock - Basic (1)
146,866

 
146,509

 
125,723

Dilutive effect of employee stock options and RSUs
—

 
—

 
—

Weighted average outstanding shares of common stock - Diluted
146,866

 
146,509

 
125,723

 
 
 
 
 
 
Net loss per share:
 
 
 
 
 
Continuing operations - Basic
$
(0.81
)
 
$
(1.11
)
 
$
(2.23
)
Continuing operations - Diluted
(0.81
)
 
(1.11
)
 
(2.23
)
Discontinued operations - Basic
(0.09
)
 
(0.55
)
 
(0.04
)
Discontinued operations - Diluted
(0.09
)
 
(0.55
)
 
(0.04
)
Net loss attributable to CME Ltd. - Basic
(0.90
)
 
(1.66
)
 
(2.27
)
Net loss attributable to CME Ltd. - Diluted
(0.90
)
 
(1.66
)
 
(2.27
)
(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, 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 the common stock.