EX-11 2 Exhibit11.htm STATEMENT RE: COMPUTATION OF LOSS PER SHARE

EXHIBIT 11 COMPUTATION OF LOSS PER SHARE
(In thousands, except per share data) | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
NUMERATOR: |  |  |  |  |  |  |  |  |  |  |
Net loss attributable to the Company – common shares | $ | (186,631) |  | $ | 7,202 |  | $ | (610,820) |  | $ | (195,801)
| Less: Participating securities dividends |  | - |  |  | - |  |  | - |  |  | 2,566
Net loss attributable to the Company per common share – basic and diluted | $ | (186,631) |  | $ | 7,202 |  | $ | (610,820) |  | $ | (198,367)
DENOMINATOR: |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  | 83,916 |  |  | 83,207 |  |  | 83,858 |  |  | 83,167
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
| Stock options and restricted stock (1) |  | - |  |  | 613 |  |  | - |  |  | -
Weighted average common shares outstanding - diluted |  | 83,916 |  |  | 83,820 |  |  | 83,858 |  |  | 83,167
Net loss attributable to the Company per common share: |  |  |  |  |  |  |  |  |  |  |
| Basic | $ | (2.22) |  | $ | 0.09 |  | $ | (7.28) |  | $ | (2.39)
| Diluted | $ | (2.22) |  | $ | 0.09 |  | $ | (7.28) |  | $ | (2.39)
(1) Outstanding equity awards of 6.0 million and 4.6 million for the three months ended June 30, 2014 and 2013, respectively, and 6.0 million and 6.1 million for the six months ended June 30, 2014 and 2013, respectively,were not included in the computation of diluted earnings per share because to do so would have been antidilutive.

33