Net Income (Loss) Per Common Share (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Basic And Diluted Earnings per Share

The following table displays a reconciliation of the information used in calculating basic and diluted net income (loss) per common share for the years ended December 31, 2013, 2012, and 2011.



	Year Ended December 31,
(in thousands, except per share data)	2013		2012	2011
Net income (loss)	$	159,383	830,209	(60,844	)
Net loss attributable to non-controlling interest	—		—	(220	)
Net income (loss) available to controlling interest	159,383		830,209	(60,624	)
Dividends and accretion of discount on preferred stock	40,830		58,703	58,088
Net income (loss) available to common shareholders	$	118,553	771,506	(118,712	)
Weighted average common shares outstanding, basic	$	892,462	786,466	785,272
Potentially dilutive shares from assumed exercise of securities or other contracts to purchase common stock*	47,118		123,636	—
Weighted average common shares outstanding, diluted	939,580		910,102	785,272
Net income (loss) per common share, basic:
Net income (loss) available to common shareholders	$	0.13	0.98	(0.15	)
Net income (loss) per common share, diluted:
Net income (loss) available to common shareholders	$	0.13	0.85	(0.15	)

* Due to the net loss attributable to common shareholders for the year ended December 31, 2011, there were no potentially dilutive shares included in the diluted net loss per common share calculations, as such shares and adjustments would have been anti-dilutive.