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Net Loss Per Share
 3 Months Ended
Mar. 31, 2013
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share 
The following is a summary of the basic and diluted net loss per share computation for the three months ended March 31, 2013 and 2012 (amounts in thousands, expect for shares and per share data):  
 
 
Three Months Ended March 31,
 
 
2013
 
2012
Net loss from continuing operations attributable to stockholders
 
$
(137,918
)
 
$
(4,706
)
Less: dividends declared on preferred shares
 
(158
)
 
—

Net loss from continuing operations attributable to common stockholders
 
(138,076
)
 
(4,706
)
Net loss from discontinued operations attributable to common stockholders
 
(2
)
 
(322
)
Net loss attributable to common stockholders
 
$
(138,078
)
 
$
(5,028
)
 
 
 
 
 
Weighted average common shares outstanding (1)
 
153,339,174

 
23,609,509

Basic and diluted net loss per share from continuing operations attributable to common stockholders
 
$
(0.90
)
 
$
(0.20
)
Basic and diluted net loss per share from discontinued operations attributable to common stockholders
 
$
—

 
$
(0.01
)
Basic and diluted net loss per share attributable to common stockholders
 
$
(0.90
)
 
$
(0.21
)
(1) Weighted average shares are adjusted on a pro forma basis as if the purchase of 27.7 million shares of ARCT III common stock for cash, purchased in conjunction with the Merger, had been completed at the beginning of the period. Weighted average shares excluding this pro forma adjustment was 171,049,690 and net loss per share was $(0.81) per share, basic and diluted.
As of March 31, 2013, the Company had 9,650,894 OP Units outstanding, which are convertible to an equal number of shares of the Company's common stock, 331,000 shares of unvested restricted stock outstanding, 545,454 shares of the Company's Series A preferred convertible stock outstanding and 283,018 shares of the Company's Series B preferred convertible stock outstanding, which were excluded from the calculation of diluted loss per share as the effect would have been antidilutive.