(11) Earnings Per Share

9 Months Ended

Sep. 30, 2013

Notes

(11) Earnings Per Share

(11) 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 9,737,182 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			Successor			Predecessor
	Three Months Ended September 30,  2013			One Month  Ended September 30,  2012			Two Months Ended August 31,  2012
Net loss attributable to common stockholders	$	(14,620	)	$	(2,002	)	$	(16,062	)
Basic weighted-average common stock outstanding		167,523			157,248			28,841
Add: dilutive effects of common stock equivalents		—			—			—
Diluted weighted-average common stock outstanding		167,523			157,248			28,841
Basic loss per common share:	$	(0.09	)	$	(0.01	)	$	(0.56	)
Diluted loss per common share:	$	(0.09	)	$	(0.01	)	$	(0.56	)

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

	Successor		Successor		Predecessor
	Three Months  Ended September 30, 2013		One Month  Ended September 30, 2012		Two Months  Ended August 31,  2012
Stock issuable upon conversion of convertible notes		—		—		379
Stock options		—		—		150
Non-vested restricted stock		5,231		—		558
Total potentially dilutive securities		5,231		—		1,087

	Successor			Successor			Predecessor
	Nine Months Ended  September 30,  2013			One Month  Ended  September 30,  2012			Eight Months  Ended August 31, 2012
Net loss attributable to common stockholders	$	(28,650	)	$	(2,002	)	$	(45,437	)
Basic weighted-average common stock outstanding		161,633			157,248			28,841
Add: dilutive effects of common stock equivalents		—			—			—
Diluted weighted-average common stock outstanding		161,633			157,248			28,841
Basic loss per common share:	$	(0.18	)	$	(0.01	)	$	(1.57	)
Diluted loss per common share:	$	(0.18	)	$	(0.01	)	$	(1.57	)

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

	Successor		Successor		Predecessor
	Nine Months  Ended September 30,  2013		One Month  Ended September 30,  2012		Eight Months  Ended August 31,  2012
Stock issuable upon conversion of convertible notes		—		—		379
Stock options		—		—		150
Non-vested restricted stock		5,231		—		558
Total potentially dilutive securities		5,231		—		1,087