Earnings Per Share ("EPS") (Tables)

12 Months Ended

Dec. 31, 2012

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, 2012, 2011 and 2010 (amounts in thousands).

	2012			2011			2010
Basic Earnings Per Share
Numerator:
Undistributed net (loss) income from continuing operations	$	(92,177	)	$	(5,181	)	$	21,957
Less:
Dividends declared on redeemable preferred stock		13,778			3,646			—
Accretion of redeemable preferred stock		7,117			3,315			—
Participation rights of the Company Warrants in undistributed earnings		—			—			—
Participation rights of unvested restricted stock in undistributed earnings		—			—			830
Basic undistributed net income (loss) from continuing operations — attributable to common shares	$	(113,072	)	$	(12,142	)	$	21,127
Denominator:
Basic weighted average common shares outstanding		162,604			70,890			40,341
Basic (loss) income from continuing operations per share — attributable to common shares	$	(0.70	)	$	(0.17	)	$	0.52
Diluted Earnings Per Share
Numerator:
Undistributed net (loss) income from continuing operations	$	(92,177	)	$	(5,181	)	$	21,957
Less:
Dividends declared on redeemable preferred stock		13,778			3,646			—
Accretion of redeemable preferred stock		7,117			3,315			—
Participation rights of the Company Warrants in undistributed net income		—			—			—
Participation rights of unvested restricted stock in undistributed earnings		—			—			814
Basic undistributed net (loss) income from continuing operations — attributable to common shares	$	(113,072	)	$	(12,142	)	$	21,143
Denominator:
Basic weighted average shares outstanding		162,604			70,890			40,341
Effect of dilutive options and warrants		—			—			848
Diluted weighted average shares outstanding		162,604			70,890			41,189
Diluted (loss) income from continuing operations per share — attributable to common shares	$	(0.70	)	$	(0.17	)	$	0.51