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Earnings (Loss) per Share (Tables)
9 Months Ended
Sep. 30, 2013
Earnings (Loss) per Share [Abstract]  
Calculation of earnings (loss) per share
The following includes a reconciliation of the weighted average number of shares; however for the three months ended September 30, 2013 and 2012 common stock equivalents of 126.5 million and 55.4 million, respectively, and for the nine months ended September 30, 2013 and 2012 common stock equivalents of 109.6 million and 55.6 million, respectively, were not included because they were anti-dilutive.

 
 
Three Months Ended
  
Nine Months Ended
 
 
 
September 30,
  
September 30,
 
 
 
  
  
  
 
 
 
2013
  
2012
  
2013
  
2012
 
 
 
(In thousands, except per share data)
 
 
 
  
  
  
 
Basic earnings per share:
 
  
  
  
 
Weighted average common shares outstanding
  
337,868
   
202,014
   
302,996
   
201,851
 
Net income (loss)
 
$
12,114
  
$
(246,942
)
 
$
(48,441
)
 
$
(540,388
)
Basic income (loss) per share
 
$
0.04
  
$
(1.22
)
 
$
(0.16
)
 
$
(2.68
)
 
                
Diluted earnings per share:
                
Weighted-average shares - Basic
  
337,868
   
202,014
   
302,996
   
201,851
 
Common stock equivalents
  
1,558
   
-
   
-
   
-
 
 
                
Weighted-average shares - Diluted
  
339,426
   
202,014
   
302,996
   
201,851
 
 
                
Net income (loss)
 
$
12,114
  
$
(246,942
)
 
$
(48,441
)
 
$
(540,388
)
Diluted income (loss) per share
 
$
0.04
  
$
(1.22
)
 
$
(0.16
)
 
$
(2.68
)