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Net (loss) Income Per Common Share
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Net (loss) Income Per Common Share

Note 12: Net (loss) Income Per Common Share

Basic net (loss) income per share attributable to common shareholders is computed by dividing net (loss) income, excluding net (loss) income allocated to participating securities, by the weighted average number of shares outstanding less the weighted average of unvested restricted shares outstanding.

There were no dilutive effects from any equity instruments for any of the periods presented, therefore diluted net (loss) income per share was the same as basic net (loss) income for all periods presented.

The following table sets forth the computation of basic and diluted net (loss) per share:

 

     (in thousands, except per share data)  
     Three months
ended March 31,
2014		     Three months
ended March 31,
2013		  

Numerator for basic and diluted net (loss) per share:

     

Net (loss)

    $ (3,380 )    $ (3,816 ) 

Preferred deemed dividend

      (9,455 )      —     

Less: Net (loss) allocated to participating securities

      (96 )      (21 ) 
  

 

 

    

 

 

  

Net (loss) attributable to common shareholders, net of loss attributable to participating securities

    $ (12,739 )    $ (3,795 ) 
  

 

 

    

 

 

  

Denominator for basic and diluted net (loss) per share:

     

Weighted average shares outstanding

      201,978,462        201,156,078   

Weighted average unvested restricted shares outstanding

      (1,504,392 )      (1,100,414 ) 
  

 

 

    

 

 

  

Denominator for basic and diluted net (loss) per share:

      200,474,070        200,055,664   
  

 

 

    

 

 

  

Basic and diluted net (loss) per share attributable to common shareholders

    $ (0.06 )    $ (0.02 )