Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2013

Earnings (Loss) Per Share

NOTE 12: EARNINGS (LOSS) PER SHARE

The following table presents a reconciliation of basic and diluted earnings (loss) per share for the three-month and six-month periods ended June 30, 2013 and 2012:

	For the Three-Month Periods Ended June 30						For the  Six-Month Periods Ended June 30
	2013			2012			2013			2012
Income (loss) from continuing operations	$	(60,338	)	$	(3,570	)	$	(145,679	)	$	(107,234	)
(Income) loss allocated to preferred shares		(5,589	)		(3,419	)		(10,807	)		(6,829	)
(Income) loss allocated to noncontrolling interests		50			38			77			93
Income (loss) from continuing operations allocable to common shares		(65,877	)		(6,951	)		(156,409	)		(113,970	)
Income (loss) from discontinued operations		0			0			0			0
Net income (loss) allocable to common shares	$	(65,877	)	$	(6,951	)	$	(156,409	)	$	(113,970	)
Weighted-average shares outstanding—Basic		69,757,807			49,902,247			65,086,432			47,026,586
Dilutive securities under the treasury stock method		0			0			0			0
Weighted-average shares outstanding—Diluted		69,757,807			49,902,247			65,086,432			47,026,586
Earnings (loss) per share—Basic:
Continuing operations	$	(0.94	)	$	(0.14	)	$	(2.40	)	$	(2.42	)
Discontinued operations		0.00			0.00			0.00			0.00
Total earnings (loss) per share—Basic	$	(0.94	)	$	(0.14	)	$	(2.40	)	$	(2.42	)
Earnings (loss) per share—Diluted:
Continuing operations	$	(0.94	)	$	(0.14	)	$	(2.40	)	$	(2.42	)
Discontinued operations		0.00			0.00			0.00			0.00
Total earnings (loss) per share—Diluted	$	(0.94	)	$	(0.14	)	$	(2.40	)	$	(2.42	)

For the three-month and six-month periods ended June 30, 2013, securities convertible into 32,265 and 16,082,812 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive. For the three-month and six-month periods ended June 30, 2012, securities convertible into 15,328,251 common shares, respectively, were excluded from the earnings (loss) per share computations because their effect would have been anti-dilutive.