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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share

A significant portion of the Company's non-vested share-based payment awards are considered participating securities and as such, the Company is required to use the two-class method for the computation of basic and diluted earnings per share. Under the two-class computation method, net losses are not allocated to participating securities unless the holder of the security has a contractual obligation to share in the losses. The non-vested share-based payment awards are not allocated losses as the awards do not have a contractual obligation to share in losses of the Company.
The following is a reconciliation of the numerators and denominators of the basic and diluted earnings per share computations for each of the years in the three-year period ended December 31, 2013:
 
2013
 
2012
 
2011
BASIC
 
 
 
 
 
Income (loss) from continuing operations attributable to common shareholders
$
(31,777
)
 
$
156,709

 
$
(30,194
)
Income (loss) from discontinued operations attributable to common shareholders
17,688

 
112

 
(73,527
)
Net income (loss) attributable to common shareholders
$
(14,089
)
 
$
156,821

 
$
(103,721
)
Weighted-average number of common shares outstanding
209,797,238

 
159,109,424

 
152,473,336

Income (loss) per common share:
 

 
 
 
 

Income (loss) from continuing operations
$
(0.15
)
 
$
0.99

 
$
(0.20
)
Income (loss) from discontinued operations
0.08

 
—

 
(0.48
)
Net income (loss) attributable to common shareholders
$
(0.07
)
 
$
0.99

 
$
(0.68
)
 
2013
 
2012
 
2011
DILUTED:
 
 
 
 
 
Income (loss) from continuing operations attributable to common shareholders
$
(31,777
)
 
$
156,709

 
$
(30,194
)
Impact of assumed conversions:
 
 
 
 
 
Share Options
—

 
—

 
—

Operating Partnership Units
—

 
1,585

 
—

6.00% Convertible Guaranteed Notes
—

 
8,953

 
—

Income (loss) from continuing operations attributable to common shareholders
(31,777
)
 
167,247

 
(30,194
)
Income (loss) from discontinued operations attributable to common shareholders
17,688

 
112

 
(73,527
)
Impact of assumed conversions:
 
 
 
 
 
Operating Partnership Units
—

 
(392
)
 
—

Income (loss) from discontinued operations attributable to common shareholders
17,688

 
(280
)
 
(73,527
)
Net income (loss) attributable to common shareholders
$
(14,089
)
 
$
166,967

 
$
(103,721
)
 
 
 
 
 
 
Weighted-average common shares outstanding - basic
209,797,238

 
159,109,424

 
152,473,336

Effect of dilutive securities:
 
 
 
 
 
Share Options
—

 
306,449

 
—

Operating Partnership Units
—

 
4,438,708

 
—

6.00% Convertible Guaranteed Notes
—

 
15,805,245

 
—

Weighted-average common shares outstanding
209,797,238

 
179,659,826

 
152,473,336

 
 
 
 
 
 
Income (loss) per common share:
 
 
 
 
 
Income (loss) from continuing operations
$
(0.15
)
 
$
0.93

 
$
(0.20
)
Income (loss) from discontinued operations
0.08

 
—

 
(0.48
)
Net income (loss) attributable to common shareholders
$
(0.07
)
 
$
0.93

 
$
(0.68
)


For per common share amounts, all incremental shares are considered anti-dilutive for periods that have a loss from continuing operations attributable to common shareholders. In addition, other common share equivalents may be anti-dilutive in certain periods.