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Earnings per Share
 6 Months Ended
Jun. 30, 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
 
Six Months Ended
 
June 30,
 
June 30,
 
2014
 
2013
 
2014
 
2013
Net loss
$
(100,784
)
 
$
(25,438
)
 
$
(81,559
)
 
$
(41,821
)
Less: Preferred stock dividends 1
(1,718
)
 
(1,725
)
 
(3,440
)
 
(3,450
)
Less: Induced conversion of preferred stock
(3,368
)
 
—

 
(3,368
)
 
—

Net loss attributable to common shareholders - Basic and diluted
$
(105,870
)
 
$
(27,163
)
 
$
(88,367
)
 
$
(45,271
)
 
 
 
 
 
 
 
 
Weighted-average shares - Basic
66,514

 
62,899

 
66,065

 
59,141

Effect of dilutive securities 2
—

 
—

 
—

 
—

Weighted-average shares - Diluted
66,514

 
62,899

 
66,065

 
59,141

_______________________
1 Preferred stock dividends were excluded for diluted earnings per share as the assumed conversion of the outstanding Series A Preferred Stock would have been anti-dilutive. There were no dividends declared on the Series B Preferred stock during the three and six months ended June 30, 2014.
2 For the three and six months ended June 30, 2014, approximately 18.8 million and 17.2 million, respectively, potentially dilutive securities, including the Series A and Series B 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 six months ended June 30, 2013, approximately 19.2 million and 0.1 million, respectively, potentially dilutive securities, including the Series A 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.