Quarters Ended

September 30,

Nine Months Ended

September 30,

2012

2011

2012

2011

Net (loss) income

$

(48,527

)

$

8,942

$

(34,270

)

$

29,639

Preferred dividends

-

(2,413

)

-

(7,238

)

Accretion on preferred stock

-

(173

)

-

(511

)

Net loss (income) applicable to non-vested restricted shares

715

(93

)

500

(330

)

Net (loss) income applicable to common shares

$

(47,812

)

$

6,263

$

(33,770

)

$

21,560

Weighted-average common shares outstanding:

Weighted-average common shares outstanding (basic)

73,742

73,361

73,636

73,258

Dilutive effect of common stock equivalents

-

Weighted-average diluted common shares outstanding

73,742

73,361

73,636

73,258

Basic (loss) earnings per share

$

(0.65

)

$

0.09

$

(0.46

)

$

0.29

Diluted (loss) earnings per share

$

(0.65

)

$

0.09

$

(0.46

)

$

0.29

Anti-dilutive shares not included in the computation of diluted earnings per share (1)

1,740

3,561

1,786

3,637