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Net Income (Loss) per Share (Tables)
 12 Months Ended
Dec. 31, 2012
Basic and Diluted Net Income per Share of Common Stock Using Two-Class Method

The table below presents basic and diluted net income per share of common stock using the two-class method for the years ended December 31, 2012, 2011 and 2010:

 

     For the year ended December 31,  
     2012     2011     2010  

Numerator:

       

Net income

    $ 40,181      $ 25,882      $ 10,999   

Preferred dividends

      (3,079 )      —          —     
  

 

 

    

 

 

    

 

 

  

Net income available to common stockholders

      37,102        25,882        10,999   
  

 

 

    

 

 

    

 

 

  

Dividends declared on common stock

      (35,899 )      (30,494 )      (21,507 ) 

Dividends on participating securities

      (629 )      (431 )      (169 ) 
  

 

 

    

 

 

    

 

 

  

Net income (loss) attributable to common stockholders

    $ 574      $ (5,043 )    $ (10,677 ) 
  

 

 

    

 

 

    

 

 

  

Denominator:

       

Weighted average shares of common stock outstanding

      22,648,819        18,840,954        12,679,277   

Basic and diluted net income (loss) per weighted average share of common stock

       

Distributable Earnings

    $ 1.61      $ 1.62      $ 1.71   

Undistributed income (loss)

      0.03      $ (0.27 )    $ (0.84 ) 
  

 

 

    

 

 

    

 

 

  

Basic and diluted net income (loss) per share of common stock

    $ 1.64      $ 1.35      $ 0.87