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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