XML 70 R48.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2018
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 Ended December 31,
 
2018

 
2017

 
2016

 
 
 
(As adjusted)

 
 
Income / (loss) from continuing operations
$
97,065

 
$
51,063

 
$
(179,679
)
Net loss attributable to noncontrolling interests
79

 
341

 
306

Less: preferred share accretion paid in kind (Note 12)
(4,777
)
 
(9,694
)
 
(13,701
)
Less: income allocated to Series B Preferred Shares
(29,956
)
 
(16,994
)
 

Income / (loss) from continuing operations available to common shareholders, net of noncontrolling interest
62,411

 
24,716

 
(193,074
)
Income / (loss) from discontinued operations, net of tax (Note 3)
60,548

 
(1,636
)
 
(918
)
Less: (income) / loss allocated to Series B Preferred Shares
(19,637
)
 
667

 

Net income / (loss) attributable to CME Ltd. available to common shareholders — basic
103,322

 
23,747

 
(193,992
)
 
 
 
 
 
 
Effect of dilutive securities
 
 
 
 
 
Dilutive effect of Series B Preferred Shares
3,653

 
3,829

 

Net income / (loss) attributable to CME Ltd. available to common shareholders — diluted
$
106,975

 
$
27,576

 
$
(193,992
)
 
 
 
 
 
 
Weighted average outstanding shares of common stock — basic (1)
230,562

 
155,846

 
151,017

Dilutive effect of common stock warrants, employee stock options and RSUs
27,132

 
80,558

 

Weighted average outstanding shares of common stock — diluted
257,694

 
236,404

 
151,017

 
 
 
 
 
 
Net income / (loss) per share:
 
 
 
 
 
Continuing operations — basic
$
0.27

 
$
0.16

 
$
(1.28
)
Continuing operations — diluted
0.25

 
0.12

 
(1.28
)
Discontinued operations — basic
0.18

 
(0.01
)
 
0.00

Discontinued operations — diluted
0.17

 
0.00

 
0.00

Attributable to CME Ltd. — basic
0.45

 
0.15

 
(1.28
)
Attributable to CME Ltd. — diluted
0.42

 
0.12

 
(1.28
)
(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 rights of the Series A Preferred Share are considered substantially similar to that of our Class A common stock.
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
The following weighted-average, equity awards and convertible shares were excluded from the calculation of diluted earnings per share because their effect would have been anti-dilutive for the periods presented:
 
For The Year Ended December 31,
 
2018

 
2017

 
2016

Employee stock options

 

 
2,011

RSUs
1,506

 
144

 
1,219

Series B Preferred Shares

 

 
105,167

Total
1,506

 
144

 
108,397

These instruments may become dilutive in the future. As set forth in the Certificate of Designation for the Series B Preferred Shares, the holders of our Series B Preferred Shares are not contractually obligated to share in our losses.