iHeartCommunications, Inc. - FORM 10-K - EX-11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS - February 14, 2011

Attached files

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EX-23 - CONSENT OF ERNST AND YOUNG LLP - iHeartCommunications, Inc.dex23.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - iHeartCommunications, Inc.dex322.htm
EX-31.1 - CERTIFICATION PURSUANT TO RULES 13A-14(A) AND 15D-14(A) - iHeartCommunications, Inc.dex311.htm
EX-31.2 - CERTIFICATION PURSUANT TO RULES 13A-14(A) AND 15D-14(A) - iHeartCommunications, Inc.dex312.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - iHeartCommunications, Inc.dex321.htm
EX-10.42 - FORM OF EXECUTIVE OPTION AGREEMENT - iHeartCommunications, Inc.dex1042.htm
EX-10.44 - FORM OF EXECUTIVE OPTION AGREEMENT - iHeartCommunications, Inc.dex1044.htm
EX-10.39 - FORM OF EXECUTIVE OPTION AGREEMENT - iHeartCommunications, Inc.dex1039.htm
EX-10.43 - FORM OF EXECUTIVE OPTION AGREEMENT - iHeartCommunications, Inc.dex1043.htm
10-K - FORM 10-K - iHeartCommunications, Inc.d10k.htm

EXHIBIT 11 – Computation of Per Share Earnings (Loss)

 

(In thousands, except per share data)    Pre-Merger  
     Period from
January 1
through July 30,
2008		  

NUMERATOR:

   

Net income attributable to the Company – common shares

    $ 1,036,525     

Less: Participating securities dividends

      —     

Less: Income from discontinued operations, net

      640,236     
        

Income from continuing operations attributable to the Company

      396,289     

Less: Income from continuing operations attributable to the Company – unvested shares

      2,333     
        

Income from continuing operations attributable to the Company per common share – basic and diluted

    $ 393,956     
        

DENOMINATOR:

   

Weighted average common shares - basic

      495,044     

Effect of dilutive securities:

   

Stock options and common stock warrants (1)

      1,475     
        

Denominator for net income per common share – diluted

      496,519     

Net income per common share:

   

Basic:

   

Income attributable to the Company before discontinued operations

    $ 0.80     

Discontinued operations

      1.29     
        

Net income attributable to the Company

    $ 2.09     
        

Diluted:

   

Income attributable to the Company before discontinued operations

    $ 0.80     

Discontinued operations

      1.29     
        

Net income attributable to the Company

    $ 2.09     
        

 

  (1) 7.6 million stock options were outstanding at July 30, 2008 that were not included in the computation of diluted earnings per share because to do so would have been anti-dilutive as the respective options’ strike price was greater than the current market price of the shares.

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