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Earnings Per Share
 6 Months Ended
Jun. 30, 2014
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE
The following is a reconciliation of the numerator and denominator used for the computation of basic and diluted net income (loss) per common share.
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
(In thousands, except per share data)
Net income (loss) attributable to Quicksilver
$
(36,095
)
 
$
242,523

 
$
(94,928
)
 
$
182,818

Basic income allocable to participating securities (1)
—

 
(7,020
)
 
—

 
(5,126
)
Income (loss) available to shareholders
$
(36,095
)
 
$
235,503

 
$
(94,928
)
 
$
177,692

Weighted average common shares – basic
173,910

 
171,357

 
173,705

 
171,261

Effect of dilutive securities (2)
 
 
 
 
 
 
 
Share-based compensation awards
—

 
5

 
—

 
4

Weighted average common shares – diluted
173,910

 
171,362

 
173,705

 
171,265

Earnings (loss) per common share – basic
$
(0.21
)
 
$
1.37

 
$
(0.55
)
 
$
1.04

Earnings (loss) per common share – diluted
$
(0.21
)
 
$
1.37

 
$
(0.55
)
 
$
1.04


(1) 
Restricted share awards that contain nonforfeitable rights to dividends are participating securities and, therefore, should be included in computing earnings using the two-class method. Participating securities, however, do not participate in undistributed net losses because there is no contractual obligation to do so.
(2) 
For the three months ended June 30, 2014, 6.6 million shares associated with our stock options and 0.3 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the three months ended June 30, 2013, 5.3 million shares associated with our stock options and 1.0 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the six months ended June 30, 2014, 6.6 million shares associated with our stock options and 0.3 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations. For the six months ended June 30, 2013, 5.2 million shares associated with our stock options and 1.0 million shares associated with our unvested RSUs were antidilutive and, therefore, excluded from the diluted share calculations.