The following table presents the Company’s computation of basic and diluted (loss) earnings per share for the years ended December 31, 2015, 2014, and 2013:


	Years Ended December 31,
(in thousands, except share and per share amounts)	2015		2014		2013
Net (loss) income		$(47,156)		$485,397		$475,547
Less: Dividends paid on and (loss)/earnings allocated to participating securities		(3,357)		(3,425)		(3,008)

(Loss) earnings applicable to common stock		$(50,513)		$481,972		$472,539

Weighted average common shares outstanding		448,982,223		440,988,102		439,251,238

Basic (loss) earnings per common share		$(0.11)		$1.09		$1.08

(Loss) earnings applicable to common stock		$(50,513)		$481,972		$472,539

Weighted average common shares outstanding		448,982,223		440,988,102		439,251,238
Potential dilutive common shares ⁽¹⁾		—		—		—

Total shares for diluted (loss) earnings per share computation		448,982,223		440,988,102		439,251,238

Diluted (loss) earnings per common share and common share equivalents		$(0.11)		$1.09		$1.08

(1)

Options to purchase 58,560 shares and 60,300 shares, respectively, of the Company’s common stock that were outstanding as of December 31, 2014 and 2013, at respective weighted average exercise prices of $18.04 and $17.99, were excluded from the respective computations of diluted EPS because their inclusion would have had an antidilutive effect.