Clear Channel Outdoor (CCO) 10-Q 2014 Q1 Quarterly report

EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE
(In thousands, except per share data)		Three Months Ended March 31,
		2014		2013
NUMERATOR:
Net loss attributable to the Company – common shares		$	(96,870)	$	(74,278)
	Less: Participating securities dividends		-		2,566
Net loss attributable to the Company per common share – basic and diluted		$	(96,870)	$	(76,844)
DENOMINATOR:
Weighted average common shares outstanding – basic			358,397		357,352
Effect of dilutive securities:
	Stock options and restricted stock (1)		-		-
Weighted average common shares outstanding – diluted			358,397		357,352
Net loss attributable to the Company per common share:
	Basic	$	(0.27)	$	(0.22)
	Diluted	$	(0.27)	$	(0.22)
(1)Equity awards of 8.9 million and 9.2 million were outstanding for the three months ended March 31, 2014 and 2013, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive.