Earnings (Loss) Per Share

6 Months Ended

Jun. 30, 2014

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, 2014 and 2013:

	For the Three-Month Periods Ended June 30						For the Six-Month Periods Ended June 30
	2014			2013			2014			2013
Net income (loss)	$	(19,010	)	$	(60,338	)	$	(26,433	)	$	(145,679	)
(Income) loss allocated to preferred shares		(7,415	)		(5,589	)		(13,221	)		(10,807	)
(Income) loss allocated to noncontrolling interests		775			50			(583	)		77
Net income (loss) allocable to common shares	$	(25,650	)	$	(65,877	)	$	(40,237	)	$	(156,409	)
Weighted-average shares outstanding—Basic		81,778,947			69,757,807			80,636,895			65,086,432
Dilutive securities under the treasury stock method		0			0			0			0
Weighted-average shares outstanding—Diluted		81,778,947			69,757,807			80,636,895			65,086,432
Earnings (loss) per share—Basic:
Earnings (loss) per share—Basic	$	(0.31	)	$	(0.94	)	$	(0.50	)	$	(2.40	)
Earnings (loss) per share—Diluted:
Earnings (loss) per share—Diluted	$	(0.31	)	$	(0.94	)	$	(0.50	)	$	(2.40	)

For the three-month and six-month periods ended June 30, 2014, securities convertible into 30,602,086 and 30,691,078 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, 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.