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Loss per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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, 2016 and 2015:
 
Net Loss
 
Weighted Average Shares
 
Loss Per Share
 
(In thousands, except per share amounts)
Three Months Ended September 30, 2016
 
 
 
 
 
Basic loss per share
$
(404,337
)
 
718,373

 
$
(0.56
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock and units(1)
—

 
—

 
 
Diluted loss per share
$
(404,337
)
 
718,373

 
$
(0.56
)
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
)
Nine Months Ended September 30, 2016
 
 
 
 
 
Basic loss per share
$
(1,249,795
)
 
708,788

 
$
(1.76
)
Effect of dilutive securities
 
 
 
 
 
Restricted stock and units(1)
—

 
—

 
 
Diluted loss per share
$
(1,249,795
)
 
708,788

 
$
(1.76
)
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
)
____________________
(1)
No incremental shares of potentially dilutive restricted stock awards or units were included for the three and nine-month periods ended September 30, 2016 or 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.