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(Loss) Earnings per Share (Tables) | 9 Months Ended
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Sep. 30, 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 and nine-month periods ended September 30, 2015 and 2014:
| Net (Loss) Income |  | Weighted Average Shares |  | (Loss) Earnings Per Share
| (In thousands, except per share amounts)
Three Months Ended September 30, 2015 |  |  |  |  |
Basic loss per share | $ | (649,526 | ) |  | 526,388 |  |  | $ | (1.23 | )
Effect of dilutive securities |  |  |  |  |
Restricted stock and units(1) | — |  |  | — |  |  |
Convertible preferred stock(2) | — |  |  | — |  |  |
Convertible senior unsecured notes(3) | — |  |  | — |  |  |
Diluted loss per share | $ | (649,526 | ) |  | 526,388 |  |  | $ | (1.23 | )
Three Months Ended September 30, 2014 |  |  |  |  |
Basic earnings per share | $ | 145,957 |  |  | 485,458 |  |  | $ | 0.30 |
Effect of dilutive securities |  |  |  |  |
Restricted stock | — |  |  | 320 |  |  |
Convertible preferred stock | 11,381 |  |  | 90,133 |  |  |
Diluted earnings per share | $ | 157,338 |  |  | 575,911 |  |  | $ | 0.27 |
Nine Months Ended September 30, 2015 |  |  |  |  |
Basic loss per share | $ | (3,070,916 | ) |  | 500,077 |  |  | $ | (6.14 | )
Effect of dilutive securities |  |  |  |  |
Restricted stock and units(1) | — |  |  | — |  |  |
Convertible preferred stock(2) | — |  |  | — |  |  |
Convertible senior unsecured notes(3) | — |  |  | — |  |  |
Diluted loss per share | $ | (3,070,916 | ) |  | 500,077 |  |  | $ | (6.14 | )
Nine Months Ended September 30, 2014 |  |  |  |  |
Basic loss per share | $ | (51,036 | ) |  | 485,194 |  |  | $ | (0.11 | )
Effect of dilutive securities |  |  |  |  |
Restricted stock(4) | — |  |  | — |  |  |
Convertible preferred stock(5) | — |  |  | — |  |  |
Diluted loss per share | $ | (51,036 | ) |  | 485,194 |  |  | $ | (0.11 | )
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(1) | No incremental shares of potentially dilutive restricted stock awards or units were included for the three and nine-month periods ended September 30, 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 and nine-month periods ended September 30, 2015, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.
(3) | Potential common shares related to the Company’s outstanding 8.125% and 7.5% Convertible Senior Unsecured Notes covering 43.4 million and 14.6 million shares for the three and nine-month periods ended September 30, 2015, respectively, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.
(4) | Restricted stock awards covering 2.8 million shares for the nine-month period ended September 30, 2014 were excluded from the computation of loss per share because their effect would have been antidilutive.
(5) | 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 nine-month period ended September 30, 2014, were excluded from the computation of loss per share because their effect would have been antidilutive under the if-converted method.

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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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