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Earnings (Loss) Per Share
 6 Months Ended
Jun. 30, 2014
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):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Income from continuing operations
$
51,916

 
$
14,120

 
$
55,953

 
$
9,320

Income from discontinued operations
—

 
952

 
—

 
1,625

Net income
$
51,916

 
$
15,072

 
$
55,953

 
$
10,945

Denominator:
 
 
 
 
 
 
 
Weighted-average number of common shares outstanding—basic
195,776,924

 
195,515,328

 
195,700,864

 
195,408,890

Effect of dilutive securities:
 
 
 
 
 
 
 
Unvested restricted common stock
134,737

 
66,912

 
181,803

 
98,562

Shares related to unvested MSUs and PSUs
335,057

 
112,043

 
335,057

 
159,793

Weighted-average number of common shares outstanding—diluted
196,246,718

 
195,694,283

 
196,217,724

 
195,667,245

Basic earnings per share:


 
 
 


 


Continuing operations
$
0.27

 
$
0.07

 
$
0.29

 
$
0.05

Discontinued operations
—

 
0.01

 
—

 
0.01

Total
$
0.27

 
$
0.08

 
$
0.29

 
$
0.06

Diluted earnings per share:
 
 
 
 
 
 
 
Continuing operations
$
0.26

 
$
0.07

 
$
0.29

 
$
0.05

Discontinued operations
—

 
0.01

 
—

 
0.01

Total
$
0.26

 
$
0.08

 
$
0.29

 
$
0.06



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