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Net Loss Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Net Loss Per Share
Net Loss Per Share 
The Company’s unvested restricted stock contain non-forfeitable rights to dividends and are considered to be participating securities in accordance with GAAP and, therefore, are included in the computation of earnings per share under the two-class method. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The unvested restricted stock are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company. The two-class method is an earnings allocation formula that determines earnings per share for each class of common shares and participating securities according to dividends declared (or accumulated) and participation rights in undistributed earnings.
The following is a summary of the basic and diluted net loss per share computation for the three and six months ended June 30, 2014 and 2013 (dollar amounts in thousands, except for share and per share data):  
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2014
 
2013
 
2014
 
2013
Net loss attributable to the Company
 
$
(40,328
)
 
$
(71,958
)
 
$
(349,009
)
 
$
(213,121
)
Less: dividends declared on preferred shares and participating securities
 
23,091

 
233

 
46,723

 
425

Net loss attributable to common stockholders
 
$
(63,419
)
 
$
(72,191
)
 
$
(395,732
)
 
$
(213,546
)
 
 
 
 
 
 
 
 
 
Weighted average number of shares of common shares outstanding:
 
 
 
 
 
 
Basic
 
815,740,684

 
198,956,355

 
682,501,526

 
192,146,178

 
 
 
 
 
 
 
 
 
Net loss per common share:
 
 
 
 
 
 
Basic and diluted net loss per share attributable to common stockholders
 
$
(0.08
)
 
$
(0.36
)
 
$
(0.58
)
 
$
(1.11
)

As of June 30, 2014, the Company excluded 24,771,215 OP Units outstanding, which are convertible to an equal number of shares of the Company’s common stock, 5,649,968 shares of unvested restricted stock outstanding, 10,744,697 LTIP Units and 21,735,008 shares of the Company’s Series D Convertible Preferred Stock outstanding from the calculation of diluted net loss per share as the effect would have been antidilutive.