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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Schedule of the Company's net income and weighted average shares outstanding
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
Schedule of calculation of basic and diluted net income per share amounts
(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.