(10) Earnings Per Share

6 Months Ended

Jun. 30, 2013

Notes

(10) Earnings Per Share

(10) Earnings Per Share

Basic earnings per share (“EPS”) are computed by dividing net loss by the sum of the weighted average number of common shares outstanding, and the weighted average number of shares issuable under the Warrants, representing 9,718,300 shares (see Note 5 and 6). U.S. GAAP requires the inclusion of these Warrants in the calculation of basic EPS because they are issuable for minimal consideration. Non-vested restricted stock is excluded from the computation as these shares are not considered earned until vesting.

The following table sets forth the computation of basic and diluted earnings per share (in thousands, except per share amounts):

	Successor	Predecessor
	Three Months Ended June 30, 2013	Three Months Ended June 30, 2012
Net loss attributable to common stockholders	$(9,213)	$(15,913)
Basic weighted-average common stock outstanding	159,349	28,806
Add: dilutive effects of common stock equivalents	—	—
Diluted weighted-average common stock outstanding	159,349	28,806
Basic loss per common share:	$(0.06)	$(0.55)
Diluted loss per common share:	$(0.06)	$(0.55)

Potentially dilutive securities excluded from the calculation of diluted shares outstanding include the following (in thousands):

	Successor	Predecessor
	Three Months Ended June 30, 2013	Three Months Ended June 30, 2012
Stock issuable upon conversion of convertible notes	—	379
Stock options	—	150
Non-vested restricted stock	3,046	558
Total potentially dilutive securities	3,046	1,087

	Successor	Predecessor
	Six Months Ended June 30, 2013	Six Months Ended June 30, 2012
Net loss attributable to common stockholders	$(14,029)	$(29,375)
Basic weighted-average common stock outstanding	158,684	28,812
Add: dilutive effects of common stock equivalents	—	—
Diluted weighted-average common stock outstanding	158,684	28,812
Basic loss per common share:	$(0.09)	$(1.02)
Diluted loss per common share:	$(0.09)	$(1.02)

Potentially dilutive securities excluded from the calculation of diluted shares outstanding include the following (in thousands):

	Successor	Predecessor
	Six Months Ended June 30, 2013	Six Months Ended June 30, 2012
Stock issuable upon conversion of convertible notes	—	379
Stock options	—	150
Non-vested restricted stock	3,046	558
Total potentially dilutive securities	3,046	1,087