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Earnings Per Share
 12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A reconciliation between the basic and diluted earnings per share computations (in thousands, except per share amounts) is as follows:
For the Year Ended December 31, 2012
Loss
(Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
BASIC EPS
 
 
 
 
 
Net loss available to common stockholders
$
(137,218
)
 
62,459

 
$
(2.20
)
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
—

 
 
Restricted stock
—

 
—

 
 
DILUTED EPS
$
(137,218
)
 
62,459

 
$
(2.20
)
 
 
 
 
 
 
For the Year Ended December 31, 2011
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
5,409

 
61,937

 
 
Attributable to participating securities
(154
)
 
—

 
 
BASIC EPS
$
5,255

 
61,937

 
$
0.08

 
 
 
 
 
 
Net income available to common stockholders
$
5,409

 
61,937

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
388

 
 
Attributable to participating securities
(153
)
 
—

 
 
DILUTED EPS
$
5,256

 
62,325

 
$
0.08

 
 
 
 
 
 
For the Year Ended December 31, 2010
Income (Numerator)
 
Shares
(Denominator)

 
Per
Share Amount

Net income available to common stockholders
$
41,987

 
61,415

 
 
Attributable to participating securities
(1,029
)
 
—

 
 
BASIC EPS
$
40,958

 
61,415

 
$
0.67

 
 
 
 
 
 
Net income available to common stockholders
$
41,987

 
61,415

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
374

 
 
Attributable to participating securities
(1,023
)
 
—

 
 
DILUTED EPS
$
40,964

 
61,789

 
$
0.66


An aggregate of 0.9 million shares of common stock representing options to purchase common stock and unvested shares of restricted common stock and common shares issuable upon the assumed conversion of the Series B preferred stock totaling 5.1 million shares were not included in the computation of diluted earnings per share for the year ended December 31, 2012, because the inclusion would have been anti-dilutive as a result of the net loss reported for the period.
Common shares issuable upon the assumed conversion of the Series B preferred stock totaling 5.1 million shares during 2011 and 2010 were not included in the computation of diluted earnings per share because the inclusion would have been anti-dilutive. Options to purchase 1.1 million, 0.1 million and 1.7 million shares of common stock were outstanding during the year ended December 31, 2012, 2011 and 2010, respectively, and were not included in the computation of diluted earnings per share because the options' exercise prices were in excess of the average market price of the common shares.