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Net Income per Share (Tables)
 9 Months Ended
Sep. 30, 2016
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, 2016 and 2015:

 
For the three  
  months ended 
 September 30,
 
For the nine 
 months ended 
 September 30,
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 
 
 
 
 
 
Net income
$
69,893

 
$
25,847

 
$
98,849

 
$
76,016

Preferred dividends
(9,310
)
 
(2,304
)
 
(20,985
)
 
(6,023
)
Net income available to common stockholders
60,583

 
23,543

 
77,864

 
69,993

Dividends declared on common stock
(37,180
)
 
(29,544
)
 
(99,182
)
 
(80,955
)
Dividends on participating securities
(413
)
 
(258
)
 
(1,298
)
 
(779
)
Net income (loss) attributable to common stockholders
$
22,990

 
$
(6,259
)
 
$
(22,616
)
 
$
(11,741
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
71,919,549

 
59,355,613

 
68,913,362

 
55,818,731

Diluted weighted average shares of common stock outstanding
72,861,611

 
59,934,008

 
69,865,603

 
56,415,082

Basic and diluted net income per weighted average share of common stock
 
 
 
 
 
 
 
Distributable Earnings
$
0.52

 
$
0.50

 
$
1.44

 
$
1.45

Undistributed income (loss)
$
0.31

 
$
(0.11
)
 
$
(0.33
)
 
$
(0.21
)
Basic and diluted net income per share of common stock
$
0.83

 
$
0.39

 
$
1.11

 
$
1.24