Equity and Share-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2014

Equity and Share-Based Compensation

Summary of changes in the number of outstanding shares

	Number of Shares
	Series A Preferred Stock	Common Stock		Treasury Stock
Share count as of December 31, 2013	325,000	68,925,745		(118,702	)
Grants of restricted stock	—	2,461,205		—
Forfeitures of restricted stock	—	(791,226	)	—
Acquisition of treasury stock	—	—		(135,157	)
Share count as of March 31, 2014	325,000	70,595,724		(253,859	)

Summary of Company's non-vested share award activity

	Shares		Weighted Average Grant Date Fair Value
Non-vested shares outstanding at December 31, 2013	2,963,672		$	7.78
Granted	2,461,205		$	4.66
Vested	(614,426	)	$	7.42
Forfeited	(791,226	)	$	7.92
Non-vested shares outstanding at March 31, 2014	4,019,225		$	5.89