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EARNINGS PER SHARE - Schedule of Calculation of Basic and Diluted EPS (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 8 Months Ended | 9 Months Ended
--- | --- | --- | ---
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
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 | 49,101,904 | 51,091,977 | 49,101,904
Basic net income per share of Class A common stock (in dollars per share) | $ 0.06 | $ 0.30 |  | $ 0.91 | $ 0.81
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 | 49,101,904 | 51,091,977 | 49,101,904
Add - dilutive effect of: |  |  |  |  |
Diluted weighted average number of shares of Class A common stock outstanding | 53,348,858 | 97,918,235 | 97,750,385 | 51,388,851 | 97,750,385
Diluted net income per share of Class A common stock (in dollars per share) | $ 0.06 | $ 0.28 |  | $ 0.91 | $ 0.74
Class A common stock |  |  |  |  |
Numerator: |  |  |  |  |
Net income attributable to Class A common shareholders | $ 3,313 | $ 14,656 | $ 39,813 | $ 46,698 | $ 39,813
Denominator: |  |  |  |  |
Weighted average number of shares of Class A common stock outstanding | 52,922,487 | 49,394,399 | 49,101,904 | 51,091,977 |
Basic net income per share of Class A common stock (in dollars per share) | $ 0.06 | $ 0.30 | $ 0.81 | $ 0.91 |
Numerator: |  |  |  |  |
Net income attributable to Class A common shareholders | $ 3,313 | $ 14,656 | $ 39,813 | $ 46,698 | $ 39,813
Add (deduct) - dilutive effect of: |  |  |  |  |
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss) | 0 | 22,827 | 59,086 | 0 |
Additional corporate tax (expense) benefit | 0 | (10,050) | (26,200) | 0 |
Diluted Net income available for Class A common shareholders | $ 3,313 | $ 27,433 | $ 72,699 | $ 46,698 |
Denominator: |  |  |  |  |
Weighted average number of shares of Class A common stock outstanding | 52,922,487 | 49,394,399 | 49,101,904 | 51,091,977 |
Add - dilutive effect of: |  |  |  |  |
Shares issuable relating to converted Class B common shareholders | 0 | 48,046,807 | 48,341,572 | 0 |
Incremental shares of unvested Class A restricted stock | 426,371 | 477,029 | 306,909 | 296,874 |
Diluted weighted average number of shares of Class A common stock outstanding | 53,348,858 | 97,918,235 | 97,750,385 | 51,388,851 |
Diluted net income per share of Class A common stock (in dollars per share) | $ 0.06 | $ 0.28 | $ 0.74 | $ 0.91 |

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