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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2011
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE |
9. | EARNINGS PER SHARE
Basic earnings per share ("EPS") are calculated with reference to the weighted average number of common shares outstanding during the year. Treasury shares are not included in the calculation. The computation of diluted EPS for the years ended December 31, 2011, 2010 and 2009, assumes the conversion of potentially dilutive instruments. The components of the numerator for the calculation of basic and diluted EPS are as follows:
(in thousands of $) |  | 2011 |  |  | 2010 |  |  | 2009
Net income attributable to Golar LNG Ltd stockholders – basic and diluted |  |  | 46,650 |  |  |  | 384 |  |  |  | 23,082 |
The components of the denominator for the calculation of basic and diluted EPS are as follows:
(in thousands) |  | 2011 |  |  | 2010 |  |  | 2009 |
Basic earnings per share: |  |  |  |  |  |  |  |  |
Weighted average number of shares |  |  | 74,707 |  |  |  | 67,597 |  |  |  | 67,577 |
Weighted average number of treasury shares |  |  | - |  |  |  | (424 | ) |  |  | (347 | )
Weighted average number of common shares outstanding |  |  | 74,707 |  |  |  | 67,173 |  |  |  | 67,230 |
Diluted earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of common shares outstanding |  |  | 74,707 |  |  |  | 67,173 |  |  |  | 67,230 |
Effect of dilutive share options |  |  | 326 |  |  |  | 220 |  |  |  | 105 |
Common stock and common stock equivalents |  |  | 75,033 |  |  |  | 67,393 |  |  |  | 67,335 |
Earnings per share are as follows:
|  | 2011 |  |  | 2010 |  |  | 2009
Basic and Diluted |  | $ | 0.62 |  |  | $ | 0.01 |  |  | $ | 0.34 |

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=6945512&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6920599&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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