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EARNINGS PER SHARE
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
11.
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, 2012, 2011 and 2010, assumes the conversion of potentially dilutive instruments. The exercise of stock options using the treasury stock method was dilutive for all the years presented below as the exercise price was lower than the share price. The convertible bonds using the if-converted method were dilutive for the year ending December 31, 2012 and, therefore, 3,539,493 shares were included from the denominator in the calculation.

The components of the numerator for the calculation of basic and diluted EPS are as follows:

(in thousands of $)
2012

 
2011

 
2010

Net income attributable to Golar LNG Ltd stockholders – basic and diluted
971,303

 
46,650

 
384

Add: Interest expense on convertible bonds
11,358

 
—

 
—

 
982,661

 
46,650

 
384


The components of the denominator for the calculation of basic and diluted EPS are as follows:

(in thousands)
2012

 
2011

 
2010

Basic earnings per share:
 
 
 
 
 
Weighted average number of shares
80,324

 
74,707

 
67,597

Weighted average number of treasury shares
—

 
—

 
(424
)
Weighted average number of common shares outstanding
80,324

 
74,707

 
67,173

 
 
 
 
 
 
Diluted earnings per share:
 

 
 

 
 

Weighted average number of common shares outstanding
80,324

 
74,707

 
67,173

Effect of dilutive share options
380

 
326

 
220

Effect of dilutive convertible bonds
3,539

 
—

 
—

Common stock and common stock equivalents
84,243

 
75,033

 
67,393


Earnings per share are as follows:

 
2012

 
2011

 
2010

Basic
$
12.09

 
$
0.62

 
$
0.01

Diluted
$
11.66

 
$
0.62

 
$
0.01