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EARNINGS PER SHARE
 12 Months Ended
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