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Earnings (Loss) per Share (Tables)
 3 Months Ended
Mar. 31, 2014
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares Outstanding Used in Computation of Diluted Earnings (Loss) Per Share
The following table summarizes the calculation of weighted average common shares outstanding used in the computation of diluted loss per share, for the three-month periods ended March 31, 2014 and 2013 (in thousands):

 
Net Loss
 
Weighted Average Shares
 
Loss Per Share
 
(In thousands, except per share amounts)
Three Months Ended March 31, 2014 (Restated)
 
 
 
 
 
Basic loss per share
$
(150,217
)
 
484,798

 
$
(0.31
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock(1)
—

 
—

 
 
Convertible preferred stock(2)
—

 
—

 
 
Diluted loss per share
$
(150,217
)
 
484,798

 
$
(0.31
)
Three Months Ended March 31, 2013 (Restated)
 
 
 
 
 
Basic loss per share
$
(501,177
)
 
477,826

 
$
(1.05
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock(1)
—

 
—

 
 
Convertible preferred stock(2)
—

 
—

 
 
Diluted loss per share
$
(501,177
)
 
477,826

 
$
(1.05
)
____________________
(1)
Restricted stock awards covering 1.0 million shares and 1.2 million shares for the three-month periods ended March 31, 2014 and 2013, respectively, were excluded from the computation of loss per share because their effect would have been antidilutive.
(2)
Potential common shares related to the Company’s outstanding 8.5%, 6.0% and 7.0% convertible perpetual preferred stock covering 90.1 million shares for both the three-month periods ended March 31, 2014 and 2013 were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.