INCOME (LOSS) PER COMMON SHARE (Tables)

3 Months Ended

Mar. 31, 2013

Computations of Basic and Diluted (Loss) Income Per Common Share

	Three Months Ended March 31, 2013	Three Months Ended March 31, 2012
Net loss, as reported	$  (75,610)	$  (41,800)
Participating basic earnings (a)	(109)	(113)
Basic net loss attributed to common shareholders	(75,719)	(41,913)
Reallocation of participating earnings(a)	—	—
Diluted net loss attributed to common shareholders	$(75,719)	$  (41,913)
Net loss per common share:
Basic	$  (0.47)	$      (0.26)
Diluted	$ (0.47)	$      (0.26)

(a)Restricted Stock Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.

Basic Weighted Average Common Shares Outstanding to Diluted Weighted Average Common Shares Outstanding

The following table provides a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):

	Three Months Ended March31,
	2013	2012
Denominator:
Weighted average common shares outstanding – basic	160,125	158,913
Effect of dilutive securities:
Director and employee stock options and SARs	—	—
Weighted average common shares outstanding – diluted	160,125	158,913