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Earnings per Share
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Earnings per Share
Earnings per Share
 
The following table provides a reconciliation of the components used in the calculation of basic and diluted earnings per share for the periods presented:
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Net loss
$
(98,900
)
 
(32,611
)
 
$
(140,721
)
 
$
(50,148
)
Less: Preferred stock dividends
(1,725
)
 
—

 
(5,175
)
 
—

Loss attributable to common shareholders - Basic and Diluted
$
(100,625
)
 
$
(32,611
)
 
$
(145,896
)
 
$
(50,148
)
 
 
 
 
 
 
 
 
Weighted-average shares - Basic
65,465

 
46,050

 
61,272

 
46,009

Effect of dilutive securities 1
—

 
—

 
—

 
—

Weighted-average shares - Diluted
65,465

 
46,050

 
61,272

 
46,009

_______________________
1 For the three and nine months ended September 30, 2013, approximately 19.2 million and less than 0.1 million potentially dilutive securities, including the 6% Preferred Stock, stock options and restricted stock units, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per common share. For the three and nine months ended September 30, 2012, less than 0.1 million potentially dilutive securities, including stock options and restricted stock units, had the effect of being anti-dilutive and were excluded from the calculation of diluted earnings per common share.