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Net Income per Share (Tables)
 9 Months Ended
Sep. 30, 2013
Earnings Per Share [Abstract]  
Basic and Diluted Net (Loss) Income per Share of Common Stock Using Two-Class Method
The table below presents basic and diluted net (loss) income per share of common stock using the two-class method for the three and nine months ended September 30, 2013 and 2012:

 
For the three  
  months ended 
 September 30,
 
For the nine 
 months ended 
 September 30,
 
2013
 
2012
 
2013
 
2012
Numerator:
 
 
 
 
 
 
 
Net income
$
12,900

 
$
12,211

 
$
36,621

 
$
31,214

Preferred dividends
(1,859
)
 
(1,219
)
 
(5,580
)
 
(1,219
)
Net income available to common stockholders
11,041

 
10,992

 
31,041

 
29,995

Dividends declared on common stock
(14,753
)
 
(8,228
)
 
(44,253
)
 
(16,453
)
Dividends on participating securities
(202
)
 
(168
)
 
(596
)
 
(337
)
Net income (loss) attributable to common stockholders
$
(3,914
)
 
$
2,596

 
$
(13,808
)
 
$
13,205

Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
36,883,002

 
20,571,478

 
34,647,941

 
20,567,772

Diluted weighted average shares of common stock outstanding
37,379,469

 
20,992,312

 
35,103,285

 
20,983,429

Basic and diluted net income (loss) per weighted average share of common stock
 
 
 
 
 
 
 
Distributable Earnings
$
0.40

 
$
0.40

 
$
1.28

 
$
0.80

Undistributed income (loss)
$
(0.11
)
 
$
0.12

 
$
(0.40
)
 
$
0.63

Basic and diluted net income per share of common stock
$
0.29

 
$
0.52

 
$
0.88

 
$
1.43