	The calculations of earnings (losses) per common share for the quarters and nine month periods ended September 30, 2014 and 2013 are as follows:

		Quarter Ended				Nine-Month Period Ended
		September 30,				September 30,
		2014		2013		2014		2013

			(In thousands, except per share information)

Net income (loss)		$	23,201	$	15,940	$	61,509	$	(179,276)
Favorable impact from issuing common stock in
exchange for Series A through E preferred stock			-		-		1,659		-
Net income (loss) attributable to common stockholders		$	23,201	$	15,940	$	63,168	$	(179,276)
Weighted-Average Shares:
Basic weighted-average common shares outstanding			210,466		205,579		208,151		205,512
Average potential common shares			1,893		1,737		1,660		-
Diluted weighted-average number of common shares
outstanding			212,359		207,316		209,811		205,512
Earnings (loss) per common share:
Basic		$	0.11	$	0.08	$	0.30	$	(0.87)
Diluted		$	0.11	$	0.08	$	0.30	$	(0.87)

Earnings (loss) per common share is computed by dividing net income (loss) attributable to common stockholders by the weighted average number of common shares issued and outstanding. Net income (loss) attributable to common stockholders represents net income (loss) adjusted for any preferred stock dividends, including any dividends declared, and any cumulative dividends related to the current dividend period that have not been declared as of the end of the period. For the nine-month period ended September 30, 2014, net income attributable to common stockholders also includes the one-time effect to retained earnings of the issuance of common stock in exchange for Series A through E preferred stock. These transactions are discussed in Note 17 to the unaudited consolidated financial statements. Basic weighted average common shares outstanding excludes unvested shares of restricted stock.

Potential common shares consist of common stock issuable under the assumed exercise of stock options, unvested shares of restricted stock, and outstanding warrants using the treasury stock method. This method assumes that the potential common shares are issued and the proceeds from the exercise, in addition to the amount of compensation cost attributable to future services, are used to purchase common stock at the exercise date. The difference between the number of potential shares issued and the shares purchased is added as incremental shares to the actual number of shares outstanding to compute diluted earnings per share. Stock options, unvested shares of restricted stock, and outstanding warrants that result in lower potential shares issued than shares purchased under the treasury stock method are not included in the computation of dilutive earnings per share since their inclusion would have an antidilutive effect on earnings per share. Stock options not included in the computation of outstanding shares because they were antidilutive amounted to 82,575 and 104,499 for the quarters and nine-month periods ended September 30, 2014 and 2013, respectively. Warrants outstanding to purchase 1,285,899 shares of common stock and 1,435,220 unvested shares of restricted stock were excluded from the computation of diluted earnings per share for the nine-month period ended September 30, 2013 because the Corporation reported a net loss attributable to common stockholders for the period and their inclusion would have an antidilutive effect.