18. NET INCOME (LOSS) PER SHARE
ÌýÌýÌýÌýÌýÌýÌýÌýBasic income (loss) per share excludes dilution and is computed by dividing net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation common stockholders by the weighted average number of shares outstanding during the period. Diluted loss per share reflects potential dilution and is computed by dividing net income available to common stockholders by the weighted average number of shares outstanding during the period, increased by the number of additional shares that would have been outstanding if the potential dilutive units had been exercised or converted.
ÌýÌýÌýÌýÌýÌýÌýÌýBasic and diluted income (loss) per share is determined using the following information (in millions):
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Ìý
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Three months ended
JuneÌý30, |
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Six months ended
JuneÌý30, |
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Ìý
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2011 |
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2010 |
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2011 |
Ìý |
2010 |
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Numerator:
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Ìý |
Ìý |
Ìý |
Ìý |
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Income (loss) from continuing operations:
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Ìý |
Ìý |
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Ìý |
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Ìý |
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Income (loss) from continuing operations attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
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$ |
114 |
Ìý |
$ |
52 |
Ìý |
$ |
189 |
Ìý |
$ |
(107 |
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Ìý |
Ìý |
Ìý |
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Ìý |
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Net income (loss):
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Ìý |
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Ìý |
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Net income (loss) attributable to ÀÖÌìÌÃfun88(ÖйúÇø)¹Ù·½ÍøÕ¾ Corporation
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$ |
114 |
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$ |
114 |
Ìý |
$ |
176 |
Ìý |
$ |
(58 |
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Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
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Denominator:
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Shares:
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Weighted average shares outstanding
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239.4 |
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236.4 |
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238.5 |
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235.6 |
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Dilutive securities:
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Ìý |
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Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
Ìý |
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Stock-based awards
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4.3 |
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4.4 |
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4.7 |
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— |
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Total dilutive shares outstanding assuming conversion
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243.7 |
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240.8 |
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243.2 |
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235.6 |
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ÌýÌýÌýÌýÌýÌýÌýÌýAdditional stock-based awards of 6.2Ìýmillion and 6.9Ìýmillion weighted average equivalent shares of stock were outstanding during the three months ended JuneÌý30, 2011 and 2010, respectively, and additional stock-based awards of 6.1Ìýmillion and 6.6Ìýmillion weighted average equivalent shares of stock were outstanding during the six months ended JuneÌý30, 2011 and 2010, respectively. These stock-based awards were not included in the computation of diluted earnings per share for the three and six months ended JuneÌý30, 2011 and 2010 periods because the effect would be anti-dilutive. In addition, our 7% convertible notes due 2018 would have had a weighted average effect of 1.8Ìýmillion shares of common stock for the six months ended JuneÌý30, 2010 and interest expense, net of tax, of $1Ìýmillion would have been included as an adjustment to the numerator of the diluted loss per share calculation for the six months ended JuneÌý30, 2010. However, the potential effect of assumed conversion of the convertible notes due 2018 were not included in the computation of diluted earnings per share for the six months ended JuneÌý30, 2010 because the effect would be anti-dilutive.
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