iHeartMedia (IHRT) 10-Q 2010 Q3 Quarterly report

EXHIBIT 11 — COMPUTATION OF EARNINGS (LOSS) PER SHARE

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
(In thousands, except per share data)	2010			2009			2010			2009
NUMERATOR:
Loss attributable to the Company — common shares	$	(154,685	)	$	(89,855	)	$	(416,423	)	$	(4,181,476	)
Less: Participating securities dividends		1,196			1,221			2,589			1,221
Net loss attributable to the Company per common share — basic and diluted	$	(155,881	)	$	(91,076	)	$	(419,012	)	$	(4,182,697	)
DENOMINATOR:
Weighted average common shares outstanding — basic		81,619			81,427			81,529			81,252
Effect of dilutive securities:
Stock options and common stock warrants(1)		—			—			—			—
Weighted average common shares outstanding — diluted		81,619			81,427			81,529			81,252
Net loss attributable to the Company per common share:
Basic	$	(1.91	)	$	(1.12	)	$	(5.14	)	$	(51.48	)
Diluted	$	(1.91	)	$	(1.12	)	$	(5.14	)	$	(51.48	)

(1) Equity awards of 6.0 million and 9.2 million were outstanding as of September 30, 2010 and 2009, respectively, but were not included in the computation of diluted earnings per share because to do so would have been antidilutive as the respective options’ strike price was greater than the current market price of the shares.