Exhibit 99.1
The following table is a reconciliation of basic and diluted loss per share for the years ended December 31, 2009, 2008 and 2007, adjusted for a 1-for-10 reverse stock split of the Company’s common stock that became effective in the second quarter of 2010 (dollars and shares in thousands, except per share amounts):
Year Ended December 31, | ||||||||||||
2009 | 2008 | 2007 | ||||||||||
Basic: | ||||||||||||
Numerator: | ||||||||||||
Loss from continuing operations | $ | (1,297,762 | ) | $ | (809,384 | ) | $ | (1,442,337 | ) | |||
Income from discontinued operations, net of tax | — | 297,594 | 583 | |||||||||
Net loss | $ | (1,297,762 | ) | $ | (511,790 | ) | $ | (1,441,754 | ) | |||
Denominator: | ||||||||||||
Basic weighted-average shares outstanding | 109,544 | 50,986 | 42,444 | |||||||||
Diluted: | ||||||||||||
Numerator: | ||||||||||||
Net loss | $ | (1,297,762 | ) | $ | (511,790 | ) | $ | (1,441,754 | ) | |||
Denominator: | ||||||||||||
Diluted weighted-average shares outstanding | 109,544 | 50,986 | 42,444 | |||||||||
Per share: | ||||||||||||
Basic loss per share: | ||||||||||||
Loss per share from continuing operations | $ | (11.85 | ) | $ | (15.88 | ) | $ | (33.98 | ) | |||
Earnings per share from discontinued operations | — | 5.84 | 0.01 | |||||||||
Net loss per share | $ | (11.85 | ) | $ | (10.04 | ) | $ | (33.97 | ) | |||
Diluted loss per share: | ||||||||||||
Loss per share from continuing operations | $ | (11.85 | ) | $ | (15.88 | ) | $ | (33.98 | ) | |||
Earnings per share from discontinued operations | — | 5.84 | 0.01 | |||||||||
Net loss per share | $ | (11.85 | ) | $ | (10.04 | ) | $ | (33.97 | ) | |||