Earnings Per Share

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Share

16. EARNINGS PER SHARE

Basic earnings per share was computed by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding for each respective period. Diluted earnings per share was calculated by dividing net income from continuing operations attributable to common shareholders by the weighted-average number of shares of Common Stock outstanding and any dilutive Common Stock equivalents, including unvested restricted stock and shares issuable upon exercise of stock options and Common Stock warrants as determined under the “Treasury Stock” method.

The following table sets forth basic and diluted income from continuing operations per common share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except per share data):

	For the three months ended September 30,					For the nine months ended September 30,
	2013		2012			2013			2012
Numerator:
Net income (loss) from continuing operations	$	21,531	$	(53,668	)	$	(36,747	)	$	(131,153	)
Net income from discontinued operations	$	—	$	969		$	—		$	2,349
Denominator:
Basic weighted-average shares outstanding		127,885		121,689			127,555			118,159
Dilutive impact of stock options and restricted shares		1,195		—			—			—
Dilutive impact of common stock warrants		7,832		—			—			—
Diluted weighted-average shares outstanding		136,912		121,689			127,555			118,159
Earnings (loss) per share attributable to continuing operations:
Basic	$	0.17	$	(0.44	)	$	(0.29	)	$	(1.11	)
Diluted	$	0.16	$	(0.44	)	$	(0.29	)	$	(1.11	)
Earnings per share attributable to discontinued operations:
Basic and diluted	$	—	$	0.01		$	—		$	0.02