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Loss per Common Share (Tables)
12 Months Ended
Dec. 31, 2012
Computation of Basic and Diluted Earnings Per Share

The following table summarizes the computation of basic and diluted loss per share:

 

     Year Ended December 31,  
     2012     2011     2010  
     (In thousands, except per share data)  

Basic and diluted loss per common share

      

Net loss

   $ (122,946   $ (171,820   $ (18,804

Less: Preferred stock dividends

     (8,447     (10,500     (10,500
  

 

 

   

 

 

   

 

 

 

Net loss allocable to common shareholders

   $ (131,393   $ (182,320   $ (29,304
  

 

 

   

 

 

   

 

 

 

Weighted-average common shares outstanding—basic and diluted

     67,061        64,601        63,902   

Basic and diluted loss per common share

   $ (1.96   $ (2.82   $ (0.46