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Net Income (Loss) per Share (Tables)
12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
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, 2013, 2012 and 2011: 
 
For the year ended December 31,
 
2013
 
2012
 
2011
Numerator:
 
 
 
 
 
Net income
$
52,485

 
$
40,181

 
$
25,882

Preferred dividends
(7,440
)
 
(3,079
)
 

Net income available to common stockholders
45,045

 
37,102

 
25,882

Dividends declared on common stock
(59,008
)
 
(35,899
)
 
(30,494
)
Dividends on participating securities
(798
)
 
(628
)
 
(431
)
Net income (loss) attributable to common stockholders
$
(14,761
)
 
$
575

 
$
(5,043
)
Denominator:
 
 
 
 
 
Basic weighted average shares of common stock outstanding
35,212,211

 
22,259,386

 
18,840,954

Diluted weighted average shares of common stock outstanding
35,679,755

 
22,648,819

 
19,089,578

Basic and diluted net income (loss) per weighted average share of common stock
 
 
 
 
 
Distributable Earnings
$
1.68

 
$
1.61

 
$
1.62

Undistributed income (loss)
(0.42
)
 
$
0.03

 
$
(0.27
)
Basic and diluted net income per share of common stock
$
1.26

 
$
1.64

 
$
1.35