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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share
The following table sets forth the computation of earnings (loss) per common share and earnings (loss) per common share - assuming dilution:
 
Three Months Ended
March 31,
 
2014
 
2013
 
(Dollars in thousands,
except per share data)
Numerator:
 
 
 
Net income (loss) - numerator for earnings (loss) per common share
$
(9,753
)
 
$
26,031

 
 
 
 
Denominator:
 
 
 
Weighted average common shares outstanding (1)
72,518,574

 
63,313,568

Effect of dilutive securities:
 
 
 
Convertible senior notes
3,400,986

 
4,483,492

2015 warrants
2,372,404

 
—

Stock options and deferred compensation agreements
1,287,267

 
908,853

Restricted stock units
36,548

 
—

Denominator for earnings (loss) per common share - assuming dilution
79,615,779

 
68,705,913

 
 
 
 
Earnings (loss) per common share
$
(0.13
)
 
$
0.41

Earnings (loss) per common share - assuming dilution
$
(0.13
)
 
$
0.38



(1)
Weighted average common shares outstanding include shares vested under the NMO Deferred Compensation Plan and exclude unallocated shares held by the ESOP.
Options to purchase shares of our common stock that were outstanding during the respective periods indicated but were not included in the computation of diluted earnings per share because the options' exercise price was greater than the average market price of the common shares are as follows:
Period
 
Number of
Shares
 
Range of
Exercise Prices
 
 
 
 
Minimum
 
Maximum
Three months ended March 31, 2014
 
1,277,650
 
$24.79
 
$24.79
Three months ended March 31, 2013
 
3,200
 
$14.34
 
$14.62