3. LOSS PER SHARE

Loss per share is computed as follows (in thousands, except per share data):


	Three Months Ended March 31,
	2014								2013
	Net Loss			Shares		Per Share Amount			Net Loss			Shares		Per Share Amount
Basic loss per share	$	(49,431	)		88,415	$	(0.56	)	$	(40,360	)		82,768	$	(0.49	)
Effect of dilutive incentive-based awards					—								—

Diluted loss per share	$	(49,431	)		88,415	$	(0.56	)	$	(40,360	)		82,768	$	(0.49	)

In accordance with the Earnings Per Share Topic of the FASB Accounting Standards Codification (“ASC”), basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period (excluding unvested restricted stock). The weighted average number of repurchased shares during the period that are held as treasury stock are excluded from common stock outstanding. Diluted loss per share is determined based on the dilutive effect of unvested restricted stock probable of vesting using the treasury stock method. During the three months ended March 31, 2014 and 2013, the Company excluded potentially dilutive shares of 337 (in thousands) and 871 (in thousands), respectively, from the calculation of diluted loss per share as their effect would have been anti-dilutive due to the Company’s net loss in those periods.