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Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2014 and 2013:

 
For the three  
  months ended 
 June 30,
 
For the six 
 months ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income
$
23,958

 
$
11,789

 
$
41,539

 
$
23,721

Preferred dividends
(1,860
)
 
(1,860
)
 
(3,720
)
 
(3,720
)
Net income available to common stockholders
22,098

 
9,929

 
37,819

 
20,001

Dividends declared on common stock
(18,739
)
 
(14,752
)
 
(33,590
)
 
(29,500
)
Dividends on participating securities
(88
)
 
(200
)
 
(174
)
 
(395
)
Net income (loss) attributable to common stockholders
$
3,271

 
$
(5,023
)
 
$
4,055

 
$
(9,894
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
42,888,747

 
36,880,410

 
40,021,722

 
33,511,889

Diluted weighted average shares of common stock outstanding
43,099,354

 
37,373,885

 
40,236,109

 
33,946,329

Basic and diluted net income per weighted average share of common stock
 
 
 
 
 
 
 
Distributable Earnings
$
0.44

 
$
0.40

 
$
0.84

 
$
0.88

Undistributed income (loss)
$
0.07

 
$
(0.13
)
 
$
0.10

 
$
(0.29
)
Basic and diluted net income per share of common stock
$
0.51

 
$
0.27

 
$
0.94

 
$
0.59