The following table sets forth the computation of basic and diluted earnings per share using the two-class method; however, because of the undistributed losses in every year, the three classes of preferred stock are excluded from the computation of basic earnings per share as undistributed losses are not allocated to preferred shares (in thousands, except per share amounts):


	For the Years Ended December 31,
	2013			2012			2011
Net income (loss)	$	(111,289	)	$	(32,714	)	$	23,615
Less: Preferred stock return		29,277			52,427			31,331
Less: Accretion of preferred stock		5,285			10,499			10,181

Undistributed losses	$	(145,851	)	$	(95,640	)	$	(17,897	)

Weighted-average common shares outstanding-basic and diluted		47,832			6,798			6,798

Net loss attributable to common stock per share-basic and diluted	$	(3.05	)	$	(14.07	)	$	(2.63	)