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EARNINGS PER COMMON SHARE (Tables)
 3 Months Ended
Mar. 31, 2014
EARNINGS PER COMMON SHARE  
Schedule of calculation of earnings (loss) per share

The following represents the calculation of earnings (loss) per share (in thousands, except per share amounts):

 
   Three Months Ended March 31,  
 
   2014   2013  
 
   (In thousands, except per share amounts)
  

Basic:

              

Net income (loss) available to common stockholders

   $ (77,923 ) $ 5,465  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Weighted average basic number of common shares outstanding

     413,521     346,139  
           
​ ​ ​ ​ ​ ​ ​ ​

Basic net income (loss) per share of common stock

   $ (0.19 ) $ 0.02  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Diluted:

              

Net income (loss) available to common stockholders

   $ (77,923 ) $ 5,465  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​
           

Weighted average basic number of common shares outstanding

     413,521     346,139  

Common stock equivalent shares representing shares issuable upon:

              

Exercise of stock options

     Anti-dilutive     Anti-dilutive  

Exercise of February 2012 Warrants

     Anti-dilutive     14,411  

Exercise of August 2012 Warrants

     —     Anti-dilutive  

Vesting of restricted shares

     Anti-dilutive     1,255  

Vesting of performance share units

     —     —  

Conversion of 2017 Notes

     Anti-dilutive     Anti-dilutive  

Conversion of preferred stock

     —     21,760  

Conversion of Series A Preferred Stock

     Anti-dilutive     —  
           
​ ​ ​ ​ ​ ​ ​ ​

Weighted average diluted number of common shares outstanding

     413,521     383,565  
           
​ ​ ​ ​ ​ ​ ​ ​

Diluted net income (loss) per share of common stock

   $ (0.19 ) $ 0.01  
           
​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​