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Earnings (Loss) per Share
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Earnings (Loss) per Share
Earnings (Loss) 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,
 
2016
 
2015
 
2016
 
2015
Net loss
$
(61,980
)
 
$
(80,129
)
 
$
(95,453
)
 
$
(137,294
)
Less: Preferred stock dividends 1
(2,820
)
 
(6,067
)
 
(5,972
)
 
(12,134
)
Net loss attributable to common shareholders – basic and diluted
$
(64,800
)
 
$
(86,196
)
 
$
(101,425
)
 
$
(149,428
)
 
 
 
 
 
 
 
 
Weighted-average shares – basic
89,051

 
72,398

 
87,496

 
72,330

Effect of dilutive securities 2
—

 
—

 
—

 
—

Weighted-average shares – diluted
89,051

 
72,398

 
87,496

 
72,330

_______________________
1 Preferred stock dividends were excluded from the computation of diluted earnings (loss) per share for the three and six months ended June 30, 2016 and 2015, as the assumed conversion of the outstanding preferred stock would have been anti-dilutive.
2 For the six months ended June 30, 2016 and 2015, approximately 26.6 million and 31.3 million, respectively, of potentially dilutive securities, including the Series A Preferred Stock 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 (loss) per common share.