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EARNINGS PER SHARE | 3 Months Ended
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Mar. 31, 2019
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | 14. EARNINGS PER SHARE The Company’s net income (loss) and weighted average shares outstanding for the three months ended March 31, 2019 and 2018 consist of the following:
($ in thousands except share amounts) |  | For the Three Months Ended March 31, 2019 |  | For the Three Months Ended March 31, 2018
Basic Net income (loss) available for Class A common shareholders |  | $ | 22,175 |  |  | $ | 50,875 |
Diluted Net income (loss) available for Class A common shareholders |  | $ | 22,175 |  |  | $ | 50,875 |
Weighted average shares outstanding |  |  |  |  |  |
Basic |  | 104,259,549 |  |  | 95,187,316 |
Diluted |  | 105,006,315 |  |  | 95,389,219 |
The calculation of basic and diluted net income (loss) per share amounts for the three months ended March 31, 2019 and 2018 are described and presented below. Basic Net Income (Loss) per Share Numerator: utilizes net income (loss) available for Class A common shareholders for the three months ended March 31, 2019 and 2018, respectively. Denominator: utilizes the weighted average shares of Class A common stock for the three months ended March 31, 2019 and 2018, respectively. Diluted Net Income (Loss) per Share Numerator: utilizes net income (loss) available for Class A common shareholders for the three months ended March 31, 2019 and 2018, respectively, for the basic net income (loss) per share calculation described above, adding net income (loss) amounts attributable to the noncontrolling interest in the Operating Partnership using the as-if converted method for the Class B common shareholders while adjusting for additional corporate income tax expense (benefit) for the described net income (loss) add-back. Denominator: utilizes the weighted average number of shares of Class A common stock for the three months ended March 31, 2019 and 2018, respectively, for the basic net income (loss) per share calculation described above adding the dilutive effect of shares issuable relating to Operating Partnership exchangeable interests and the incremental shares of unvested Class A restricted stock using the treasury method.
(In thousands except share amounts) |  | For the Three Months Ended March 31, 2019 |  | For the Three Months Ended March 31, 2018(1)
Basic Net Income (Loss) Per Share of Class A Common Stock |  |  |  |
Numerator: |  |  |  |
Net income (loss) attributable to Class A common shareholders |  | $ | 22,175 |  |  | $ | 50,875 |
Denominator: |  |  |  |  |  |
Weighted average number of shares of Class A common stock outstanding |  | 104,259,549 |  |  | 95,187,316 |
Basic net income (loss) per share of Class A common stock |  | $ | 0.21 |  |  | $ | 0.53 |
Diluted Net Income (Loss) Per Share of Class A Common Stock |  |  |  |
Numerator: |  |  |  |
Net income (loss) attributable to Class A common shareholders |  | $ | 22,175 |  |  | $ | 50,875 |
Add (deduct) - dilutive effect of: |  |  |  |  |  |
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss) |  | — |  |  | — |
Additional corporate tax (expense) benefit |  | — |  |  | — |
Diluted net income (loss) attributable to Class A common shareholders |  | $ | 22,175 |  |  | $ | 50,875 |
Denominator: |  |  |  |
Basic weighted average number of shares of Class A common stock outstanding |  | 104,259,549 |  |  | 95,187,316 |
Add - dilutive effect of: |  |  |  |  |  |
Shares issuable relating to converted Class B common shareholders |  | — |  |  | — |
Incremental shares of unvested Class A restricted stock |  | 746,766 |  |  | 201,903 |
Diluted weighted average number of shares of Class A common stock outstanding |  | 105,006,315 |  |  | 95,389,219 |
Diluted net income (loss) per share of Class A common stock |  | $ | 0.21 |  |  | $ | 0.53 |
(1) | For three months ended March 31, 2019 and 2018, shares issuable relating to converted Class B common shareholders are excluded from the calculation of diluted EPS as the inclusion of such potential common shares in the calculation would be anti-dilutive.
The shares of Class B common stock do not share in the earnings of Ladder Capital Corp and are, therefore, not participating securities. Accordingly, basic and diluted net income (loss) per share of Class B common stock has not been presented, although the assumed conversion of Class B common stock has been included in the presented diluted net income (loss) per share of Class A common stock.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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