iHeartMedia (IHRT) 10-Q 2013 Q2 Quarterly report

EXHIBIT 11 – COMPUTATION OF INCOME (LOSS) PER SHARE
(In thousands, except per share data)		Three Months Ended  June 30,				Six Months Ended June 30,
		2013		2012		2013		2012
NUMERATOR:
Net income (loss) attributable to the Company – common shares		$	7,202	$	(39,025)	$	(195,801)	$	(182,654)
	Less: Participating securities dividends		-		383		2,566		7,858
Net income (loss) attributable to the Company per common share – basic and diluted		$	7,202	$	(39,408)	$	(198,367)	$	(190,512)
DENOMINATOR:
Weighted average common shares outstanding – basic			83,207		82,543		83,167		82,598
Effect of dilutive securities:
	Stock options and restricted stock (1)		613		-		-		-
Weighted average common shares outstanding – diluted			83,820		82,543		83,167		82,598
Net income (loss) attributable to the Company per common share:
	Basic	$	0.09	$	(0.48)	$	(2.39)	$	(2.31)
	Diluted	$	0.09	$	(0.48)	$	(2.39)	$	(2.31)
(1)Outstanding equity awards of 4.6 million and 5.3 million for the three months ended June 30, 2013 and 2012, respectively, and 6.1 million and 5.3 million for the six months ended June 30, 2013 and 2012, respectively, were not included in the computation of diluted earnings per share as they were antidilutive or contingently issuable awards for which performance and market conditions have not been satisfied.