EXHIBIT 11 — COMPUTATION OF EARNINGS PER SHARE
Post-merger | Pre-merger | Pre-merger | Pre-merger | Pre-merger | ||||||||||||||||
Period from | Period from | Period from July | Nine months | Three months | ||||||||||||||||
July 31 through | January 1 | 1 through July | ended | ended | ||||||||||||||||
September 30, | through July 30, | 30, | September 30, | September 30, | ||||||||||||||||
(In thousands, except per share data) | 2008 | 2008 | 2008 | 2007 | 2007 | |||||||||||||||
Basic and diluted Numerator: | ||||||||||||||||||||
Income (loss) before discontinued operations | $ | (43,719 | ) | $ | 396,289 | $ | (42,397 | ) | $ | 564,424 | $ | 253,398 | ||||||||
Income (loss) from discontinued operations, net | (1,013 | ) | 640,236 | (3,058 | ) | 53,524 | 26,338 | |||||||||||||
Net income (loss) — basic and diluted | $ | (44,732 | ) | $ | 1,036,525 | $ | (45,455 | ) | $ | 617,948 | $ | 279,736 | ||||||||
Denominator: | ||||||||||||||||||||
Weighted average common shares — basic | 81,242 | 495,044 | 495,465 | 494,261 | 494,568 | |||||||||||||||
Effect of dilutive securities: | ||||||||||||||||||||
Stock options and restricted stock | 252 | 1,475 | 340 | 1,319 | 1,600 | |||||||||||||||
Less: anti-dilutive items | (252 | ) | — | (340 | ) | — | — | |||||||||||||
Denominator for net income per common share — diluted | 81,242 | 496,519 | 495,465 | 495,580 | 496,168 | |||||||||||||||
Net income (loss) per basic common share: | ||||||||||||||||||||
Income (loss) before discontinued operations | $ | (.54 | ) | $ | .80 | $ | (.09 | ) | $ | 1.14 | $ | .52 | ||||||||
Income (loss) from discontinued operations, net | (.01 | ) | 1.29 | (.00 | ) | .11 | .05 | |||||||||||||
Basic | $ | (.55 | ) | $ | 2.09 | $ | (.09 | ) | $ | 1.25 | $ | .57 | ||||||||
Net income (loss) per diluted common share: | ||||||||||||||||||||
Income (loss) before discontinued operations | $ | (.54 | ) | $ | .80 | $ | (.09 | ) | $ | 1.14 | $ | .51 | ||||||||
Income (loss) from discontinued operations, net | (.01 | ) | 1.29 | (.00 | ) | .11 | .05 | |||||||||||||
Diluted | $ | (.55 | ) | $ | 2.09 | $ | (.09 | ) | $ | 1.25 | $ | .56 | ||||||||