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 |  | Six Months Ended
|  | June 30, |  | June 30,
|  | 2015 |  | 2014 |  | 2015 |  | 2014
NUMERATOR: |  |  |  |  |  |  |  |  |  |  |
Net loss attributable to the Company – common shares | $ | (54,466) |  | $ | (186,631) |  | $ | (439,432) |  | $ | (610,820)
| Less: Participating securities dividends |  | - |  |  | - |  |  | - |  |  | -
Net loss attributable to the Company per common share – basic and diluted | $ | (54,466) |  | $ | (186,631) |  | $ | (439,432) |  | $ | (610,820)
DENOMINATOR: |  |  |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding - basic |  | 84,238 |  |  | 83,916 |  |  | 84,178 |  |  | 83,858
Effect of dilutive securities: |  |  |  |  |  |  |  |  |  |  |
| Stock options and restricted stock (1) |  | - |  |  | - |  |  | - |  |  | -
Weighted average common shares outstanding - diluted |  | 84,238 |  |  | 83,916 |  |  | 84,178 |  |  | 83,858
Net loss attributable to the Company per common share: |  |  |  |  |  |  |  |  |  |  |
| Basic | $ | (0.65) |  | $ | (2.22) |  | $ | (5.22) |  | $ | (7.28)
| Diluted | $ | (0.65) |  | $ | (2.22) |  | $ | (5.22) |  | $ | (7.28)
(1) Outstanding equity awards of 4.1 million and 6.0 million for the three months ended June 30, 2015 and 2014, respectively, and 4.1 million and 6.0 million for the six months ended June 30, 2015 and 2014, respectively, were not included in the computation of diluted earnings per share because to do so would have been antidilutive.