Net Income (Loss) Per Common Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Calculation of Basic Net Income (Loss) Per Share

The following table presents the calculation of basic net income (loss) per share for periods presented:

(in thousands, except per share data):

	Three Months ended March 31, 2015			Three Months ended March 31, 2014
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	5,501		$	(3,380	)
Preferred deemed dividend		—			(9,455	)
Series B preferred stock dividends		(4,248	)		—
Net income (loss) attributable to common shareholders	$	1,253		$	(12,835	)
Denominator for basic net income (loss) per share:
Weighted-average shares outstanding		202,343,245			201,978,462
Weighted-average unvested restricted shares outstanding		(1,196,680	)		(1,504,392	)
Denominator for basic net income (loss) per share:		201,146,565			200,474,070
Basic net  income (loss) per share attributable to common shareholders	$	0.01		$	(0.06	)

Calculation of Diluted Net Income (Loss) Per Share

The following table presents the calculation of diluted net income (loss) per share for periods presented:

(in thousands, except per share data):

	Three Months ended March 31, 2015			Three Months ended March 31, 2014
Numerator for basic and diluted net income (loss) per share:
Net income (loss)	$	5,501		$	(3,380	)
Preferred deemed dividend		—			(9,455	)
Series B preferred stock dividends		(4,248	)		—
Net income (loss) attributable to common shareholders	$	1,253		$	(12,835	)
Denominator for diluted net income (loss) per share:
Weighted-average shares outstanding		202,343,245			201,978,462
Weighted-average unvested restricted shares outstanding		(1,196,680	)		(1,504,392	)
Effect of dilutive potential shares *		301,292,296			—
Denominator for diluted net income (loss) per share:		502,438,861			200,474,070
Diluted net income (loss) per share attributable to common shareholders	$	0.00		$	(0.06	)

*There were no dilutive effects from any equity instruments for periods presented which did not have net income, therefore diluted net income (loss) per share was the same as basic net income (loss) for periods presented which reflect a net loss.