EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

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,
	2017			2016
Net loss	$	(11,274	)	$	(40,694	)
Net loss attributable to noncontrolling interests	209			259
Less: preferred share accretion paid in kind (Note 12)	(2,357		)	(4,510		)
Net loss attributable to CME Ltd. available to common shareholders — basic	$	(13,422	)	$	(44,945	)

Effect of dilutive securities
Preferred share accretion paid in kind	—			—
Net loss attributable to CME Ltd. available to common shareholders — diluted	$	(13,422	)	$	(44,945	)

Weighted average outstanding shares of common stock — basic ⁽¹⁾	154,795			147,078
Dilutive effect of employee stock options and RSUs	—			—
Weighted average outstanding shares of common stock — diluted	154,795			147,078

Net loss per share:
Net loss attributable to CME Ltd. — basic and diluted	(0.09		)	(0.31		)

⁽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 common stock.