The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2013, 2012 and 2011 (amounts in thousands, except per share data):



	2013		2012			2011
Basic Earnings Per Share
Numerator:
Undistributed net income (loss) from continuing operations	$	43,613	$	(111,932	)	$	(18,343	)
Less:
Dividends declared on redeemable preferred stock	9,395		13,778			3,646
Accretion of redeemable preferred stock	2,474		7,117			3,315
Participation rights of the Company Warrants in undistributed earnings	4,712		—			—
Participation rights of unvested restricted stock in undistributed earnings	63		—			—
Basic undistributed net income (loss) from continuing operations — attributable to common shares	$	26,969	$	(132,827	)	$	(25,304	)
Denominator:
Basic weighted average common shares outstanding	183,643		162,604			70,890
Basic income (loss) from continuing operations per share — attributable to common shares	$	0.15	$	(0.82	)	$	(0.36	)
Diluted Earnings Per Share
Numerator:
Undistributed net income (loss) from continuing operations	$	43,613	$	(111,932	)	$	(18,343	)
Less:
Dividends declared on redeemable preferred stock	9,395		13,778			3,646
Accretion of redeemable preferred stock	2,474		7,117			3,315
Participation rights of the Company Warrants in undistributed net income	4,584		—			—
Participation rights of unvested restricted stock in undistributed earnings	63		—			—
Basic undistributed net income (loss) from continuing operations — attributable to common shares	$	27,097	$	(132,827	)	$	(25,304	)
Denominator:
Basic weighted average shares outstanding	183,643		162,604			70,890
Effect of dilutive options and warrants	3,202		—			—
Diluted weighted average shares outstanding	186,845		162,604			70,890
Diluted income (loss) from continuing operations per share — attributable to common shares	$	0.15	$	(0.82	)	$	(0.36	)