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Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2014
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 (loss) income per share of common stock using the two-class method for the three months ended March 31, 2014 and 2013:

 
For the three 
 months ended 
 March 31,
 
2014
 
2013
Numerator:
 
 
 
Net income
$
17,580

 
$
11,932

Preferred dividends
(1,860
)
 
(1,860
)
Net income available to common stockholders
15,720

 
10,072

Dividends declared on common stock
(14,850
)
 
(14,748
)
Dividends on participating securities
(86
)
 
(195
)
Net income (loss) attributable to common stockholders
$
784

 
$
(4,871
)
Denominator:
 
 
 
Basic weighted average shares of common stock outstanding
37,122,842

 
30,105,939

Diluted weighted average shares of common stock outstanding
37,341,050

 
30,480,689

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

 
$
0.49

Undistributed income (loss)
$
0.02

 
$
(0.16
)
Basic and diluted net income per share of common stock
$
0.42

 
$
0.33