Three Months Ended
June 30,

Six Months Ended
June 30,

2013

2012

2013

2012

Numerator

Net income (loss)

$

(24,858

)

$

2,524

$

(13,764

)

$

15,096

Preferred stock dividends

(138

)

(138

)

(276

)

(276

)

Net income (loss) applicable to common shares for basic and diluted earnings per share

$

(24,996

)

$

2,386

$

(14,040

)

$

14,820

Denominator

Basic weighted average common shares

303,566

285,312

294,317

285,303

Dilutive stock options and restricted stock

—

9,848

—

10,797

Diluted weighted average common shares

303,566

295,160

294,317

296,100

Basic earnings (loss) per common share

Net income (loss) applicable to common shares

$

(0.08

)

$

0.01

$

(0.05

)

$

0.05

Diluted earnings (loss) per common share

Net income (loss) applicable to common shares

$

(0.08

)

$

0.01

$

(0.05

)

$

0.05