(Amounts in thousands except share and per share amounts)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2014

2013

2014

2013

Numerator for basic earnings (loss) per share:

Net income (loss)

$

(2,228

)

$

339

$

(5,993

)

$

(8,055

)

Preferred dividends

(13

)

(13

)

(38

)

(38

)

Net income (loss) available to common shareholders

(2,241

)

326

$

(6,031

)

$

(8,093

)

Numerator for diluted earnings (loss) per share:

Net income (loss) available to common shareholders

$

(2,241)

$

326

$

(6,031

)

$

(8,093

)

Preferred dividends

—

13

—

Interest expense on convertible debt

$

—

$

1

$

—

$

—

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

$

(2,241

)

$

340

$

(6,031

)

$

(8,093

)

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

93,162,548

83,750,636

91,260,530

79,751,523

Effect of dilutive securities

—

9,601,556

—

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

93,162,548

93,352,192

91,260,530

79,751,523

Basic income (loss) per share:

Net income (loss) per share

$

(0.02

)

$

0.00

$

(0.07

)

$

(0.10

)

Preferred dividends

(0.00

)

(0.00

)

(0.00

)

(0.00

)

Net income (loss) per share available to common shareholders

$

(0.02

)

$

0.00

$

(0.07

)

$

(0.10

)

Diluted income (loss) per share:

Net income (loss) per share

$

(0.02

)

$

0.00

$

(0.07

)

$

(0.10

)