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STOCK BASED COMPENSATION PLANS (Tables) | 9 Months Ended
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Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Summary of the grants | A summary of the grants is presented below ($ in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2015 |  | 2014 |  | 2015 |  | 2014
| Number of Units |  | Weighted Average Fair Value |  | Number of Units |  | Weighted Average Fair Value |  | Number of Units |  | Weighted Average Fair Value |  | Number of Units |  | Weighted Average Fair Value
Grants - Class A Common Stock (restricted) | — |  |  | $ | — |  |  | — |  |  | $ | — |  |  | 726,327 |  |  | $ | 13,353 |  |  | 1,687,513 |  |  | $ | 28,637 |
Stock Options | — |  |  | — |  |  | — |  |  | — |  |  | 670,256 |  |  | 1,441 |  |  | — |  |  | — |
Amortization to compensation expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Predecessor compensation expense |  |  |  | $ | — |  |  |  |  |  | $ | — |  |  |  |  |  | $ | — |  |  |  |  |  | $ | (290 | )
LP Units compensation expense |  |  |  | (25 | ) |  |  |  |  | (478 | ) |  |  |  |  | (99 | ) |  |  |  |  | (1,470 | )
Ladder compensation expense |  |  |  | (4,103 | ) |  |  |  |  | (3,274 | ) |  |  |  |  | (11,243 | ) |  |  |  |  | (8,543 | )
Total amortization to compensation expense |  |  |  | $ | (4,128 | ) |  |  |  |  | $ | (3,752 | ) |  |  |  |  | $ | (11,342 | ) |  |  |  |  | $ | (10,303 | )
Schedule of Nonvested Shares Activity | The table below presents the number of unvested shares and outstanding stock options at September 30, 2015 and changes during 2015 of the (i) Class A Common stock and Stock Options of Ladder Capital Corp granted under the 2014 Omnibus Incentive Plan and (ii) Series B Participating Preferred Units of LCFH granted under the 2008 Plan, which were subsequently converted to LP Units of LCFH in connection with the IPO.
| Restricted Stock |  | Stock Options |  | LP Units(1)
Nonvested/Outstanding at December 31, 2014 | 1,384,439 |  |  | — |  |  | 8,063 |
Granted | 726,327 |  |  | 670,256 |  |  | — |
Exercised |  |  | — |  |  |
Vested | (242,285 | ) |  |  |  | (6,047 | )
Forfeited | (188,054 | ) |  | (69,070 | ) |  | — |
Expired |  |  | — |  |  |
Nonvested/Outstanding at September 30, 2015 | 1,680,427 |  |  | 601,186 |  |  | 2,016 |
Exercisable at September 30, 2015 |  |  | — |  |  |
(1) | Converted to LP Units of LCFH on February 11, 2014 in connection with IPO and then converted to an equal number of Series REIT LP Units and Series TRS LP Units on December 31, 2014. LCFH LP Unitholders also received an equal number of shares of Class B Common stock of the Company in connection with the conversion. Refer to Note 1, Organization and Operations for further discussion of IPO and the Reorganization Transactions.

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- Definition Tabular disclosure of grants during the period and amortization to compensation expense for the grants for non-vested equity-based payment instruments, excluding stock (or unit) options that validly exist and are outstanding as of the balance sheet date. + References No definition available. + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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