Equity (Tables)

6 Months Ended

Jun. 30, 2013

The following table presents information regarding the Company’s preferred stock (in thousands):



	June 30, 2013	December 31, 2012
Shares authorized	50,000	50,000
Shares outstanding at end of period
8.5% Convertible perpetual preferred stock	2,650	2,650
6.0% Convertible perpetual preferred stock	2,000	2,000
7.0% Convertible perpetual preferred stock	3,000	3,000

Preferred Stock Terms

The following table summarizes information about each series of the Company’s convertible perpetual preferred stock:



	Convertible Perpetual Preferred Stock
	8.5%		6.0%		7.0%
Liquidation preference per share	$	100.00	$	100.00	$	100.00
Annual dividend per share	$	8.50	$	6.00	$	7.00
Conversion rate per share to common stock	12.4805		9.2115		12.8791
Conversion date to common stock at Company’s option	February 20, 2014		December 21, 2014		November 20, 2015

Preferred Stock Dividends

Paid and unpaid dividends included in the calculation of (loss applicable) income available to the Company’s common stockholders and the Company’s basic (loss) earnings per share calculation for the three and six-month periods ended June 30, 2013 and 2012 as presented in the accompanying unaudited condensed consolidated statements of operations, are included in the tables below (in thousands):



	Three Months Ended June 30,
	2013						2012
	Dividends Paid		Dividends Unpaid		Total		Dividends Paid		Dividends Unpaid		Total
8.5% Convertible perpetual preferred stock	$	—	$	5,631	$	5,631	$	—	$	5,631	$	5,631
6.0% Convertible perpetual preferred stock	—		3,000		3,000		—		3,000		3,000
7.0% Convertible perpetual preferred stock	2,625		2,625		5,250		2,625		2,625		5,250
Total	$	2,625	$	11,256	$	13,881	$	2,625	$	11,256	$	13,881

	Six Months Ended June 30,
	2013						2012
	Dividends Paid		Dividends Unpaid		Total		Dividends Paid		Dividends Unpaid		Total
8.5% Convertible perpetual preferred stock	$	2,816	$	8,447	$	11,263	$	2,816	$	8,447	$	11,263
6.0% Convertible perpetual preferred stock	500		5,500		6,000		500		5,500		6,000
7.0% Convertible perpetual preferred stock	7,875		2,625		10,500		7,875		2,625		10,500
Total	$	11,191	$	16,572	$	27,763	$	11,191	$	16,572	$	27,763

Common Stock

The following table presents information regarding the Company’s common stock (in thousands):



	June 30, 2013	December 31, 2012
Shares authorized	800,000	800,000
Shares outstanding	489,616	490,359
Shares held in treasury	1,313	1,219