| Schedule of Computation of Basic and Diluted Earnings per Common Share |
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 | ) |
|