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Loss per Common Share
 12 Months Ended
Dec. 31, 2013
Equity [Abstract]  
Loss per Common Share
Loss per Common Share
Loss per common share, basic and diluted, are computed by dividing net loss allocable to common shareholders by the weighted-average number of common shares outstanding for the period. In periods when a net loss is reported, the weighted-average common shares outstanding basic and diluted are the same. Dividends on cumulative preferred stock are added to net loss to calculate net loss allocable to common shareholders in the basic loss per share calculation, and in the diluted loss per share calculation in periods when a net loss is reported.
Dilutive securities include the common stock equivalents of convertible preferred stock and convertible notes, options granted pursuant to the Company’s stock option plans and outstanding restricted stock units granted to employees and non-employees (see Note 15). Dilutive securities are included in the calculation of diluted earnings per common share using the treasury stock method and the if-converted method in accordance with ASC Topic 260, “Earnings per Share”.
The following table summarizes the computation of basic and diluted loss per share:
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
(In thousands, except per share data)
Basic and diluted loss per common share
 
 
 
 
 
Net loss
$
(18,921
)
 
$
(122,946
)
 
$
(171,820
)
Less: Preferred stock dividends
3,332

 
8,447

 
10,500

Net loss allocable to common shareholders
$
(22,253
)
 
$
(131,393
)
 
$
(182,320
)
Weighted-average common shares outstanding—basic and diluted
72,809

 
67,061

 
64,601

Basic and diluted loss per common share
$
(0.31
)
 
$
(1.96
)
 
$
(2.82
)

Securities that resulted in an anti-dilutive effect were excluded from the earnings per share computation as follows: for the years ended December 31, 2013 and 2012, securities outstanding totaling approximately 24,723,000 and 27,844,000 , respectively, including common shares underlying preferred stock of 4,293,000 and 15,124,000, respectively, and common shares underlying convertible senior notes of 15,000,000 and 5,100,000, respectively, in addition to antidilutive options and restricted stock. For the year ended December 31, 2011, securities outstanding totaling approximately 30,676,000, including common shares underlying preferred stock of 19,858,000 and antidilutive options and restricted stock were excluded from the earnings per share computation.