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EARNINGS PER SHARE (Tables) | 9 Months Ended
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Sep. 30, 2015
Earnings Per Share [Abstract] |
Schedule of the Company's net income and weighted average shares outstanding | The Company’s net income and weighted average shares outstanding for the three and nine months ended September 30, 2015 and the period February 11, 2014 through September 30, 2014 consist of the following:
($ in thousands except share amounts) |  | For the Three Months Ended September 30, 2015 |  | For the Three Months Ended September 30, 2014 |  | For the Nine Months Ended September 30, 2015 |  | For the Period February 11, 2014 through September 30, 2014
Basic Net income available for Class A common shareholders |  | $ | 3,313 |  |  | $ | 14,656 |  |  | $ | 46,698 |  |  | $ | 39,813 |
Diluted Net income available for Class A common shareholders |  | $ | 3,313 |  |  | $ | 27,433 |  |  | $ | 46,698 |  |  | $ | 72,699 |
Weighted average shares outstanding |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | 52,922,487 |  |  | 49,394,399 |  |  | 51,091,977 |  |  | 49,101,904 |
Diluted |  | 53,348,858 |  |  | 97,918,235 |  |  | 51,388,851 |  |  | 97,750,385 |
Schedule of calculation of basic and diluted net income per share amounts |
(In thousands except share amounts) |  | For the Three Months Ended September 30, 2015 |  | For the Three Months Ended September 30, 2014 |  | For the Nine Months Ended September 30, 2015 |  | For the Period February 11, 2014 through September 30, 2014
Basic Net Income Per Share of Class A Common Stock |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |
Net income attributable to Class A common shareholders |  | $ | 3,313 |  |  | $ | 14,656 |  |  | $ | 46,698 |  |  | $ | 39,813 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average number of shares of Class A common stock outstanding |  | 52,922,487 |  |  | 49,394,399 |  |  | 51,091,977 |  |  | 49,101,904 |
Basic net income per share of Class A common stock |  | $ | 0.06 |  |  | $ | 0.30 |  |  | $ | 0.91 |  |  | $ | 0.81 |
Diluted Net Income Per Share of Class A Common Stock |  |  |  |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |  |  |  |
Net income attributable to Class A common shareholders |  | $ | 3,313 |  |  | $ | 14,656 |  |  | $ | 46,698 |  |  | $ | 39,813 |
Add (deduct) - dilutive effect of: |  |  |  |  |  |  |  |  |  |  |  |
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss) |  | — |  |  | 22,827 |  |  | — |  |  | 59,086 |
Additional corporate tax (expense) benefit |  | — |  |  | (10,050 | ) |  | — |  |  | (26,200 | )
Diluted net income attributable to Class A common shareholders |  | $ | 3,313 |  |  | $ | 27,433 |  |  | $ | 46,698 |  |  | $ | 72,699 |
Denominator: |  |  |  |  |  |  |  |  |  |
Basic weighted average number of shares of Class A common stock outstanding |  | 52,922,487 |  |  | 49,394,399 |  |  | 51,091,977 |  |  | 49,101,904 |
Add - dilutive effect of: |  |  |  |  |  |  |  |  |  |  |  |
Shares issuable relating to converted Class B common shareholders |  | — |  |  | 48,046,807 |  |  | — |  |  | 48,341,572 |
Incremental shares of unvested Class A restricted stock |  | 426,371 |  |  | 477,029 |  |  | 296,874 |  |  | 306,909 |
Diluted weighted average number of shares of Class A common stock outstanding |  | 53,348,858 |  |  | 97,918,235 |  |  | 51,388,851 |  |  | 97,750,385 |
Diluted net income per share of Class A common stock |  | $ | 0.06 |  |  | $ | 0.28 |  |  | $ | 0.91 |  |  | $ | 0.74 |

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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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