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Loss per Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Calculation of Weighted Average Common Shares Outstanding used in Computation of Diluted 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, 2015 and 2014:
 
Net Loss
 
Weighted Average Shares
 
Loss Per Share
 
(In thousands, except per share amounts)
Three Months Ended March 31, 2015
 
 
 
 
 
Basic loss per share
$
(1,045,834
)
 
478,165

 
$
(2.19
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock and units(1)
—

 
—

 
 
Convertible preferred stock(2)
—

 
—

 
 
Diluted loss per share
$
(1,045,834
)
 
478,165

 
$
(2.19
)
Three Months Ended March 31, 2014
 
 
 
 
 
Basic loss per share
$
(150,217
)
 
484,798

 
$
(0.31
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock(3)
—

 
—

 
 
Convertible preferred stock(4)
—

 
—

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

 
$
(0.31
)
____________________
(1)
No incremental shares of potentially dilutive restricted stock awards or units included for the three-month period ended March 31, 2015 as their effect was antidilutive under the treasury stock method.
(2)
Potential common shares related to the Company’s outstanding 8.5% and 7.0% convertible perpetual preferred stock covering 71.7 million shares for the three-month period ended March 31, 2015, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.
(3)
Restricted stock awards covering 1.0 million shares for the three-month period ended March 31, 2014 were excluded from the computation of loss per share because their effect would have been antidilutive.
(4)
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 the three-month period ended March 31, 2014, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.