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Net Income per Share (Tables)
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2017 and June 30, 2016:

 
For the three  
  months ended 
 June 30,
 
For the six 
 months ended 
 June 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
36,235

 
$
10,338

 
$
83,359

 
$
28,956

Preferred dividends
(9,310
)
 
(5,860
)
 
(18,620
)
 
(11,675
)
Net income available to common stockholders
26,925

 
4,478

 
64,739

 
17,281

Dividends declared on common stock
(48,501
)
 
(31,005
)
 
(90,647
)
 
(62,002
)
Dividends on participating securities
(630
)
 
(437
)
 
(1,259
)
 
(885
)
Net (loss) attributable to common stockholders
$
(22,206
)
 
$
(26,964
)
 
$
(27,167
)
 
$
(45,606
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
95,428,134

 
67,402,311

 
93,530,831

 
67,393,751

Diluted weighted average shares of common stock outstanding
96,796,289

 
68,374,557

 
94,907,762

 
68,351,137

Basic and diluted net income per weighted average share of common stock
 
 
 
 
 
 
 
Distributable Earnings
$
0.51

 
$
0.46

 
$
0.97

 
$
0.92

Undistributed (loss)
$
(0.23
)
 
$
(0.40
)
 
$
(0.29
)
 
$
(0.68
)
Basic and diluted net income per share of common stock
$
0.28

 
$
0.06

 
$
0.68

 
$
0.24