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Earnings per Share
 3 Months Ended
Mar. 31, 2014
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
 
 
 
March 31,
 
 
 
 
 
2014
 
2013
Net income (loss)
 
 
 
 
$
19,225

 
$
(16,383
)
Less: Preferred stock dividends
 
 
 
 
(1,722
)
 
(1,725
)
Net income (loss) attributable to common shareholders - Basic
 
 
 
 
17,503

 
(18,108
)
Add: Preferred stock dividends
 
 
 
 
1,722

 
—

Net income (loss) attributable to common shareholders - Diluted
 
 
 
 
$
19,225

 
$
(18,108
)
 
 
 
 
 
 
 
 
Weighted-average shares - Basic
 
 
 
 
65,611

 
55,341

Effect of dilutive securities 1
 
 
 
 
20,133

 
—

Weighted-average shares - Diluted
 
 
 
 
85,744

 
55,341

_______________________
1 For the three months ended March 31, 2013, approximately 19.2 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.