Three Months Ended
September 30,

Nine Months Ended
September 30,

2013

2012

2013

2012

Numerator

Net income (loss)

$

(8,458

)

$

(885

)

$

(22,222

)

$

14,211

Preferred stock dividends

(138

)

(138

)

(414

)

(414

)

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

$

(8,596

)

$

(1,023

)

$

(22,636

)

$

13,797

Denominator

Basic weighted average common shares

342,638

285,492

310,601

285,400

Dilutive stock options and restricted stock

—

11,339

Diluted weighted average common shares

342,638

285,492

310,601

296,739

Basic earnings per common share

Net income applicable to common shares

$

(0.03

)

$

—

$

(0.07

)

$

0.05

Diluted earnings per common share

Net income applicable to common shares

$

(0.03

)

$

—

$

(0.07

)

$

0.05