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Earnings Per Share
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Earnings Per Share
Earnings Per Share
A reconciliation between the basic and diluted earnings per share computations (in thousands, except per share amounts) is as follows:
For the Three Months Ended March 31, 2015
Loss (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
BASIC EPS
 
 
 
 
 
Net loss available to common stockholders
$
(122,240
)
 
64,774

 
$
(1.89
)
  Stock options
—

 
—

 
 
  Attributable to participating securities
—

 
—

 
 
DILUTED EPS
$
(122,240
)
 
64,774

 
$
(1.89
)
 
 
 
 
 
 
For the Three Months Ended March 31, 2014
Income (Numerator)
 
Shares
(Denominator)
 
Per
Share Amount
Net income available to common stockholders
$
10,043

 
63,846

 
 
Attributable to participating securities
(289
)
 
—

 
 
BASIC EPS
$
9,754

 
63,846

 
$
0.15

 
 
 
 
 
 
Net income available to common stockholders
10,043

 
63,846

 
 
Effect of dilutive securities:
 
 
 
 
 
Stock options
—

 
56

 
 
Attributable to participating securities
(289
)
 
—

 
 
DILUTED EPS
$
9,754

 
63,902

 
$
0.15


An aggregate of 0.5 million shares of common stock representing unvested shares of restricted common stock and common shares issuable upon the assumed conversion of the Series B preferred stock totaling 5.1 million shares were not included in the computation of diluted earnings per share for the three month period ended March 31, 2015 because the inclusion would have been anti-dilutive as a result of the net loss reported for the period. Options to purchase 1.5 million of common stock were outstanding during the three month period ended March 31, 2015 and were not included in the computation of diluted earnings per share because the options' exercise prices were in excess of the average market price of the common shares.
Common shares issuable upon the assumed conversion of the Series B Preferred Stock totaling 5.1 million shares were not included in the computation of diluted earnings per share for the three month periods ended March 31, 2014 because the inclusion would have been anti-dilutive. Options to purchase 1.2 million shares of common stock were outstanding during the three month period ended March 31, 2014 and were not included in the computation of diluted earnings per share because the options' exercise prices were in excess of the average market price of the common shares.