EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2013

EARNINGS (LOSS) PER SHARE

Summary of the components used to calculate basic and diluted earnings per share

Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):

		2013			2012			2011
Numerator:
Income (loss) from continuing operations		$	6,625		$	(6,947	)	$	(3,832	)
Less:	Preferred dividends	14,590			4,625			411
	Allocation to participating securities	73			37			—
	Attributable to noncontrolling interest	44			(2,001		)	(1,147		)
Income (loss) attributable to common shareholders from continuing operations		(8,082		)	(9,608		)	(3,096		)
Income (loss) attributable to common shareholders from discontinued operations		(703		)	3,870			(252		)
Net income (loss) attributable to common shareholders		$	(8,785	)	$	(5,738	)	$	(3,348	)
Denominator:
Weighted average common shares outstanding - basic		70,327			33,717			27,278
Dilutive effect of equity-based compensation awards		410			132			—
Weighted average common shares outstanding - diluted		70,737			33,849			27,278
Earnings per common share - basic and diluted:
Net income (loss) from continuing operations		$	(0.11	)	$	(0.28	)	$	(0.11	)
Net income (loss) from discontinued operations		(0.01		)	0.11			(0.01		)
Net income (loss)		$	(0.12	)	$	(0.17	)	$	(0.12	)