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Earnings per Common Share (Tables)
 3 Months Ended
Mar. 31, 2012
Earnings Per Share [Abstract]  
Reconciliation of basic and diluted earnings per common share
The following is a reconciliation of basic and diluted earnings per common share (in thousands, except share and per-share data):
 
For the three months ended
March 31,
 
2012
 
2011
Numerator:
 
 
 
Net income (loss) attributable to common shareholders
$
(7,247
)
 
$
(3,591
)
Less: dividends paid on unvested share-based compensation
(83
)
 
(15
)
Undistributed earnings attributable to share-based compensation
—

 
—

Net income (loss) available to common shareholders
$
(7,330
)
 
$
(3,606
)
Denominator:
 
 
 
Weighted-average number of common shares — basic
51,009,904

 
39,827,551

Effect of dilutive share-based compensation
—

 
—

Weighted-average number of common shares — diluted
51,009,904

 
39,827,551

Net income (loss) per share attributable to common shareholders — basic
$
(0.14
)
 
$
(0.09
)
Net income (loss) per share attributable to common shareholders — diluted
$
(0.14
)
 
$
(0.09
)