9. EARNINGS (LOSS) PER SHARE OF CLASS A AND CLASS B COMMON STOCK

The following tables set forth the computation of basic and diluted net loss per share of common stock for the three and nine months ended September 30, 2011 (in thousands, except share amounts and per share amounts):



	Three Months Ended September 30,			Nine Months Ended September 30,
	2011			2011
Net loss	$	(14,416	)	$	(238,083	)
Redemption of preferred stock in excess of carrying value	—			(34,327		)
Adjustment of redeemable noncontrolling interests to redemption value	(43,656		)	(59,307		)
Less: Net loss attributable to noncontrolling interests	3,843			23,602
Net loss attributable to common stockholders	$	(54,229	)	$	(308,115	)

Net loss per share:
Weighted-average shares outstanding for basic and diluted net loss per share⁽¹⁾	307,605,060			305,288,502
Basic and diluted net loss per share	$	(0.18	)	$	(1.01	)

(1)

Stock options, restricted stock units, performance stock units and convertible preferred shares are not included in the calculation of diluted net loss per share for the three and nine months ended September 30, 2011 because the Company had a net loss for each period. Accordingly, the inclusion of these equity awards would have had an antidilutive effect on the calculation of diluted loss per share.

The following tables set forth the computation of basic and diluted earnings per share of Class A and Class B common stock for the three and nine months ended September 30, 2012 (in thousands, except share amounts and per share amounts):



	Three Months Ended September 30, 2012						Nine Months Ended September 30, 2012
	Class A			Class B			Class A		Class B
Basic earnings per share:
Numerator
Allocation of net (loss) income	$	(937	)	$	(3	)	$	28,908	$	108
Less: Allocation of adjustment of redeemable noncontrolling interests to redemption value	1,328			5			12,452		46
Less: Allocation of net income attributable to noncontrolling interests	703			3			2,796		10
Allocation of net (loss) income attributable to common stockholders	(2,968		)	(11		)	13,660		52
Denominator
Weighted-average common shares outstanding	650,823,634			2,399,976			645,621,967		2,399,976
Basic earnings per share	$(0.00)			$(0.00)			$0.02		$0.02

Diluted earnings per share:
Numerator
Allocation of net income attributable to common stockholders	$	(2,968	)	$	(11	)	$	13,660	$	52
Reallocation of net income attributable to common stockholders as a result of conversion of Class B	—			—			52		—
Allocation of net income attributable to common stockholders	(2,968		)	(11		)	13,712		52
Denominator
Weighted-average common shares outstanding used in basic computation	650,823,634			2,399,976			645,621,967		2,399,976
Conversion of Class B	—			—			2,399,976		—
Employee stock options	—			—			10,909,749		—
Restricted shares and RSUs	—			—			4,625,558		—
Weighted-average diluted shares outstanding	650,823,634			2,399,976			663,557,250		2,399,976
Diluted earnings per share	$(0.00)			$(0.00)			$0.02		$0.02

The following outstanding equity awards are not included in the diluted net (loss) earnings per share calculation above because they would have had an antidilutive effect:



	Three Months Ended September 30,		Nine Months Ended September 30,
Antidilutive equity awards	2011	2012	2011	2012
Stock options	18,407,510	8,864,956	18,407,510	9,018
Restricted stock units	10,575,100	29,093,524	10,575,100	7,249,438
Restricted stock	86,758	39,390	86,758	—
Convertible preferred shares	293,309,716	—	293,309,716	—
Total	322,379,084	37,997,870	322,379,084	7,258,456