Preferred Stock (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of changes in the carrying value of Series B Preferred Stock

The following table sets forth the changes in the carrying value of the Company’s Series B-1 Preferred Stock.



	Shares	$ (thousands)
Balance at December 31, 2009	290,197	$	66,976
Accrued dividends	28,977	7,286
Fair value of bifurcated conversion feature	—	(871		)
Accretion of issuance costs and additional discount	—	1,596
Exchange for Series C Preferred Shares	—	—
Balance at December 31, 2010	319,174	74,987
Accrued dividends	32,270	8,068
Fair value of bifurcated conversion feature	—	(807		)
Accretion of issuance costs and additional discount	—	1,065
Balance at December 31, 2011	351,444	83,313
Accrued dividends	35,531	8,883
Fair value of bifurcated conversion feature	—	(31		)
Accretion of issuance costs and additional discount	—	1,147
Balance at December 31, 2012	386,975	$	93,312

- Definition

Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer.

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