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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2013
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share
Earnings (Loss) Per Share

Basic earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders by the weighted-average number of common shares outstanding. Diluted earnings (loss) per share is calculated by dividing net income (loss) available to common stockholders that has been adjusted for dilutive securities, by the weighted-average number of common shares outstanding including dilutive securities.

The following is a reconciliation of the calculation of basic and diluted earnings (loss) per share (in thousands, except share and per share data):
 
Quarter Ended
 
Period from
Numerator:
June 30, 2013
 
June 15, 2012
 
January 1, 2013 to June 30, 2013
 
January 1, 2012 to June 15, 2012
Income (loss) from continuing operations
$
15,072

 
$
8,485

 
$
10,945

 
$
(1,621
)
Income from discontinued operations
—

 
459

 
—

 
13,180

Net income
$
15,072

 
$
8,944

 
$
10,945

 
$
11,559

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding—basic
195,515,328

 
167,968,579

 
195,408,890

 
167,818,564

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted common stock
66,912

 
91,483

 
98,562

 
170,324

Shares related to unvested MSUs and PSUs
112,043

 
265,980

 
159,793

 
265,980

Weighted-average number of common shares outstanding—diluted
195,694,283

 
168,326,042

 
195,667,245

 
168,254,868

Basic (loss) earnings per share:


 
 
 


 


Continuing operations
$
0.08

 
$
0.05

 
$
0.06

 
$
(0.01
)
Discontinued operations
—

 
0.00

 
—

 
0.08

Total
$
0.08

 
$
0.05

 
$
0.06

 
$
0.07

Diluted (loss) earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.08

 
$
0.05

 
$
0.06

 
$
(0.01
)
Discontinued operations
—

 
0.00

 
—

 
0.08

Total
$
0.08

 
$
0.05

 
$
0.06

 
$
0.07



We did not include 262,461 unexercised stock appreciation rights in our calculation of diluted loss per share for each period presented as they would be anti-dilutive.