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Earnings (Loss) per Common Share | 3 Months Ended
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Mar. 31, 2014
Earnings Per Share [Abstract] |
Earnings (Loss) per Common Share | Earnings (Loss) per Common Share The following is a summary of the elements used in calculating basic and diluted earnings (loss) per common share for the three months ended March 31, 2014 and 2013:
For the Three Months Ended March 31, |  | 2014 |  | 2013
Numerator: |  |  |  |
Net income attributable to Maiden shareholders |  | $ | 2,022 |  |  | $ | 28,080 |
Dividends on preference shares |  | (6,084 | ) |  | (3,094 | )
Amount allocated to participating common shareholders (1) |  | 6 |  |  | — |
Numerator for basic EPS - net income (loss) allocated to Maiden common shareholders |  | $ | (4,056 | ) |  | $ | 24,986 |
Potentially dilutive securities |  |  |  |
Dividends on convertible preference shares (2) |  | — |  |  | — |
Numerator for diluted EPS - net income (loss) allocated to Maiden common shareholders after assumed conversion |  | $ | (4.056 | ) |  | $ | 24,986 |
Denominator: |  |  |  |
Weighted average number of common shares outstanding – basic |  | 72,708,113 |  |  | 72,417,358 |
Potentially dilutive securities: |  |  |  |
Share options and restricted share units (2) |  | — |  |  | 1,023,014 |
Convertible preference shares (2) |  | — |  |  | — |
Adjusted weighted average number of common shares and assumed conversions – diluted |  | 72,708,113 |  |  | 73,440,372 |
Basic earnings (loss) per share attributable to Maiden common shareholders: |  | $ | (0.06 | ) |  | $ | 0.35 |
Diluted earnings (loss) per share attributable to Maiden common shareholders (2): |  | $ | (0.06 | ) |  | $ | 0.34 |
(1) This represents earnings allocated to the holders of non-vested restricted shares issued to Company's employees under the 2007 Share Incentive Plan. (2) The effect of share options, restricted shares units and mandatory convertible preference shares were excluded in the calculation of diluted EPS for the three months ended March 31, 2014 as they were anti-dilutive. Please refer to "Notes to Consolidated Financial Statements" included under Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2013 for the terms and conditions of each of these anti-dilutive instruments. Furthermore, the current number of additional common shares that could possibly be issued on conversion, if conversion at March 31, 2014 was permitted in accordance with the terms and conditions of Form 424B Prospectus Supplement filed with the SEC, is 36,714, an increase of 16,874 common shares since December 31, 2013.

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