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Net (Loss) Income per Common Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Income (Loss) per Common Share
Income (Loss) per Common Share
 
The following table presents a reconciliation of net income (loss) and the shares used in calculating weighted average basic and diluted earnings per common share for the quarter and six months ended June 30, 2014 and June 30, 2013.
 
 
For the Quarter
Ended
 
For the Six Months Ended
 
June 30, 2014
 
June 30, 2013
 
June 30, 2014
 
June 30, 2013
Net Income (loss)
$
(70,190
)
 
$
481,385

 
$
(89,968
)
 
$
583,675

Less: Preferred dividends
(3,905
)
 
(3,905
)
 
(7,812
)
 
(6,403
)
Net income (loss) available (related) to common stockholders
$
(74,095
)
 
$
477,480

 
$
(97,780
)
 
$
577,272

 
 
 
 
 
 
 
 
Weighted average common shares outstanding – basic
357,111

 
372,591

 
357,302

 
355,359

Add: Effect of dilutive non-vested restricted stock unit awards, assumed vested
—

 
1,544

 
—

 
1,538

Weighted average common shares outstanding – diluted
357,111

 
374,135

 
357,302

 
356,897