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Loss per Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net Income (Loss) Per Share
The following table reflects the computation of basic and diluted net income (loss) per share for the three months ended March 31, 2014 and the period ended March 31, 2013:
 
 
Three Months Ended
 
Period Ended
 
March 31, 2014
 
March 31, 2013
(dollars in millions, except per share amount)
Basic
 
Diluted
 
Basic
 
Diluted
Numerator:
 
 
 
 
 
 
 
Net income (loss) attributed to common shareholders
$
0.2


$
0.2

 
$
(2.8
)
 
$
(2.8
)
Less: Restricted stock dividends
(0.2
)
 
(0.2
)
 
1.8

 
1.8

Net income (loss) available to shareholders
$


$

 
$
(1.0
)
 
$
(1.0
)
Denominator:



 
 
 
 
Weighted average common outstanding-basic
20.9


20.9

 
20.9

 
20.9

Performance-based restricted stock(1)(2)




 
 
 

Convertible securities(1)(2)




 
 
 

Weighted average shares outstanding-diluted



20.9

 
 
 
20.9

EPS:



 
 
 
 
Net income (loss) per share-basic
$

 
 
 
$
(0.05
)
 
 
Effect of dilutive shares
 
 
 
 
 
 
 
Net income (loss) per share-diluted
 
 
$

 
 
 
$
(0.05
)
 (1) We have excluded 0.6 million of restricted stock, and 42.6 million of Operating Partnership units, which are securities that became convertible into common stock in January 2014, from our diluted earnings per share as of March 31, 2014, as these securities were deemed anti-dilutive.
 (2) We have excluded 0.2 million of restricted stock, and 42.6 million of Operating Partnership units, which are securities that became convertible into common stock in January 2014, from our diluted earnings per share as of March 31, 2013, as these securities were deemed anti-dilutive.