(Amounts in thousands except share and per share amounts)

Three Months Ended

June 30,

Six Months Ended

June 30,

2013

2012

2013

2012

Numerator for basic earnings (loss) per share:

Net income (loss)

$

(5,619

)

$

1,051

$

(8,392

)

$

(7,537

)

Preferred dividends

(13

)

(13

)

(25

)

(25

)

Net income (loss) available to common shareholders

(5,632

)

1,038

$

(8,417

)

$

(7,562

)

Numerator for diluted earnings (loss) per share:

Net income (loss) available to common shareholders

$

(5,619

)

$

1,038

(8,392

)

(7,537

)

Preferred dividends

(13

)

13

(25

)

(25

)

Interest expense on convertible debt

-

1

-

Net income (loss) for diluted earnings (loss) per share

$

(5,632

)

$

1,052

(8,417

)

(7,562

)

Denominator for basic earnings (loss) per share – weighted-average shares outstanding

78,581,502

68,554,014

77,718,825

68,271,465

Effect of dilutive securities

-

13,911,199

-

Denominator for diluted earnings (loss) per share – weighted-average shares outstanding

78,468,257

82,465,213

77,718,825

68,271,465

Basic income (loss) per share:

Net income (loss)

(0.07

)

0.02

(0.11

)

(0.17

)

Preferred dividends

(0.00

)

(0.00

)

(0.00

)

(0.01

)

Net income (loss) available to common shareholders

(0.07

)

0.02

(0.11

)

(0.18

)

Diluted income (loss) per share:

Net income (loss)

(0.07

)

0.01

(0.11)

(0.18

)