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Net Income per Share (Tables)
 3 Months Ended
Mar. 31, 2017
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, 2017 and 2016:

 
For the three  
  months ended 
 March 31,
 
2017
 
2016
Numerator:
 
 
 
Net income
$
47,125

 
$
18,616

Preferred dividends
(9,310
)
 
(5,815
)
Net income available to common stockholders
37,815

 
12,801

Dividends declared on common stock
(42,146
)
 
(30,997
)
Dividends on participating securities
(630
)
 
(449
)
Net income (loss) attributable to common stockholders
$
(4,961
)
 
$
(18,645
)
Denominator:
 
 
 
Basic weighted average shares of common stock outstanding
91,612,447

 
67,385,191

Diluted weighted average shares of common stock outstanding
92,998,250

 
68,327,718

Basic and diluted net income per weighted average share of common stock
 
 
 
Distributable Earnings
$
0.46

 
$
0.46

Undistributed income (loss)
$
(0.05
)
 
$
(0.28
)
Basic and diluted net income per share of common stock
$
0.41

 
$
0.18