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Net Loss Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2013 and 2012 (amounts in thousands, expect for shares and per share data):  
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
Net loss from continuing operations attributable to stockholders
 
$
(51,713
)
 
$
(6,918
)
 
$
(189,686
)
 
$
(11,624
)
Less: dividends declared on preferred shares
 
(158
)
 
(70
)
 
(315
)
 
(70
)
Net loss from continuing operations attributable to common stockholders
 
(51,871
)
 
(6,988
)
 
(190,001
)
 
(11,694
)
Net income (loss) from discontinued operations attributable to common stockholders
 
34

 
(152
)
 
73

 
(474
)
Net loss attributable to common stockholders
 
$
(51,837
)
 
$
(7,140
)
 
$
(189,928
)
 
$
(12,168
)
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding (1)
 
162,368,538

 
68,312,582

 
157,904,082

 
45,961,046

Basic and diluted net loss per share from continuing operations attributable to common stockholders
 
$
(0.32
)
 
$
(0.10
)
 
$
(1.20
)
 
$
(0.25
)
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
 
$
(0.32
)
 
$
(0.10
)
 
$
(1.20
)
 
$
(0.26
)
_______________________________________________
(1) Weighted average shares for the six months ended June 30, 2013 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 ARCT III Merger, had been completed at the beginning of the period. Weighted average shares for the six months ended June 30, 2013, excluding this pro forma adjustment, were 166,694,122 and net loss per share was $1.14 per share, basic and diluted.
As of June 30, 2013, the Company had 9,051,661 OP Units outstanding, which are convertible to an equal number of shares of the Company's common stock, 343,000 shares of unvested restricted stock outstanding, 545,454 shares of the Company's Series A Convertible Preferred Stock outstanding, 283,018 shares of the Company's Series B Convertible Preferred Stock outstanding, and 28,398,213 shares of the Company's Series C Convertible Preferred Stock outstanding, which were excluded from the calculation of diluted net loss per share as the effect would have been antidilutive.