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Income (Loss) Per Common Share | 3 Months Ended
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Mar. 31, 2014
Income (Loss) Per Common Share | (6) INCOME (LOSS) PER COMMON SHARE Basic income or loss per share attributable to common shareholders is computed as (1) income or loss attributable to common shareholders (2) less income allocable to participating securities (3) divided by weighted average basic shares outstanding. Diluted income or loss per share attributable to common stockholders is computed as (1) basic income or loss attributable to common shareholders (2) plus diluted adjustments to income allocable to participating securities (3) divided by weighted average diluted shares outstanding. The following tables set forth a reconciliation of income or loss attributable to common shareholders to basic income or loss attributable to common shareholders to diluted income or loss attributable to common shareholders (in thousands except per share amounts):
|  | Three Months Ended March 31, |
|  |  | 2014 |  |  |  | 2013 |
Net income (loss), as reported |  | $ | 32,521 |  |  | $ | (75,610 | )
Participating basic earnings (a) |  |  | (560 | ) |  |  | (109 | )
Basic net income (loss) attributed to common shareholders |  |  | 31,961 |  |  |  | (75,719 | )
Reallocation of participating earnings (a) |  |  | 3 |  |  |  | — |
Diluted net income (loss) attributed to common shareholders |  | $ | 31,964 |  |  | $ | (75,719 | )
Net income (loss) per common share: |  |  |  |  |  |  |  |
Basic |  | $ | 0.20 |  |  | $ | (0.47 | )
Diluted |  | $ | 0.20 |  |  | $ | (0.47 | )
(a) | Restricted Stock Awards represent participating securities because they participate in nonforfeitable dividends or distributions with common equity owners. Income allocable to participating securities represents the distributed and undistributed earnings attributable to the participating securities. Participating securities, however, do not participate in undistributed net losses.
The following table provides a reconciliation of basic weighted average common shares outstanding to diluted weighted average common shares outstanding (in thousands):
|  | Three Months Ended March 31, |
|  | 2014 |  |  | 2013 |
Denominator: |  |  |  |  |  |  |  |
Weighted average common shares outstanding – basic |  |  | 160,794 |  |  |  | 160,125 |
Effect of dilutive securities: |  |  |  |  |  |  |  |
Director and employee stock options and SARs |  |  | 1,031 |  |  |  | — |
Weighted average common shares outstanding – diluted |  |  | 161,825 |  |  |  | 160,125 |
Weighted average common shares – basic for the three months ended March 31, 2014 excludes 2.8 million shares and the three months ended March 31, 2013 excludes 2.7 million shares of restricted stock held in our deferred compensation plans (although all awards are issued and outstanding upon grant). Due to our loss from continuing operations for the three months ended March 31, 2013, we excluded all outstanding stock appreciation rights (“SARs”) and restricted stock from the computation of diluted net loss per share because the effect would have been anti-dilutive to the computations.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 + Details
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