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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
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, 2013
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
8,943

 
63,054

 
 
Attributable to participating securities
(257
)
 
—

 
 
BASIC EPS
$
8,686

 
63,054

 
$
0.14

 
 
 
 
 
 
Net income available to common stockholders
$
8,943

 
63,054

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
154

 
 
Attributable to participating securities
(256
)
 
—

 
 
DILUTED EPS
$
8,687

 
63,208

 
$
0.14

 
 
 
 
 
 
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

 
 
 
 
 
 

Common shares issuable upon the assumed conversion of the Series B Preferred Stock totaling 5.1 million shares during 2013 and 2011 were not included in the computation of diluted earnings per share because the inclusion would have been anti-dilutive. Options to purchase 1.2 million and 0.1 million shares of common stock were outstanding during the year ended December 31, 2013 and 2011, 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.
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.