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Earnings per Share
12 Months Ended
Dec. 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:
 
Year Ended December 31,
 
2014
 
2013
 
2012
Net loss
$
(409,592
)
 
$
(143,070
)
 
$
(104,589
)
Less: Preferred stock dividends 1
(17,148
)
 
(6,900
)
 
(1,687
)
Less: Induced conversion of preferred stock
(4,256
)
 

 

Net loss attributable to common shareholders – basic and diluted
$
(430,996
)
 
$
(149,970
)
 
$
(106,276
)
 
 
 
 
 
 
Weighted-average shares – basic
68,887

 
62,335

 
47,919

Effect of dilutive securities 2

 

 

Weighted-average shares – diluted
68,887

 
62,335

 
47,919

______________________
1 Preferred stock dividends were excluded from diluted earnings per share for the years ended December 31, 2014, 2013 and 2012, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.
2 For 2014, approximately 26.6 million 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 2013 and 2012, approximately 19.8 million and 19.2 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.