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Net (loss) Income Per Common Share (Tables)
3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Net (Loss) Per Share

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