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Net Income per Share (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2014 and 2013:

 
For the three  
  months ended 
 September 30,
 
For the nine 
 months ended 
 September 30,
 
2014
 
2013
 
2014
 
2013
Numerator:
 
 
 
 
 
 
 
Net income
$
19,159

 
$
12,900

 
$
60,698

 
$
36,621

Preferred dividends
(1,860
)
 
(1,859
)
 
(5,580
)
 
(5,580
)
Net income available to common stockholders
17,299

 
11,041

 
55,118

 
31,041

Dividends declared on common stock
(18,739
)
 
(14,753
)
 
(52,329
)
 
(44,253
)
Dividends on participating securities
(88
)
 
(202
)
 
(262
)
 
(596
)
Net income (loss) attributable to common stockholders
$
(1,528
)
 
$
(3,914
)
 
$
2,527

 
$
(13,808
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
46,848,675

 
36,883,002

 
42,322,380

 
34,647,941

Diluted weighted average shares of common stock outstanding
47,068,929

 
37,379,469

 
42,538,744

 
35,103,285

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

 
$
0.40

 
$
1.24

 
$
1.28

Undistributed income (loss)
$
(0.03
)
 
$
(0.11
)
 
$
0.06

 
$
(0.40
)
Basic and diluted net income per share of common stock
$
0.37

 
$
0.29

 
$
1.30

 
$
0.88