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Net Income per Share (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2017 and September 30, 2016:

 
For the three  
  months ended 
 September 30,
 
For the nine 
 months ended 
 September 30,
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 
 
 
 
 
 
Net income
$
68,356

 
$
69,893

 
$
151,714

 
$
98,849

Preferred dividends
(11,148
)
 
(9,310
)
 
(29,768
)
 
(20,985
)
Net income available to common stockholders
57,208

 
60,583

 
121,946

 
77,864

Dividends declared on common stock
(48,507
)
 
(37,180
)
 
(139,155
)
 
(99,182
)
Dividends on participating securities
(625
)
 
(413
)
 
(1,884
)
 
(1,298
)
Net income (loss) attributable to common stockholders
$
8,076

 
$
22,990

 
$
(19,093
)
 
$
(22,616
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
105,446,704

 
71,919,549

 
97,546,437

 
68,913,362

Diluted weighted average shares of common stock outstanding
106,812,721

 
72,861,611

 
98,919,689

 
69,865,603

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

 
$
0.52

 
$
1.43

 
$
1.44

Undistributed income (loss)
$
0.08

 
$
0.31

 
$
(0.20
)
 
$
(0.33
)
Basic and diluted net income per share of common stock
$
0.54

 
$
0.83

 
$
1.23

 
$
1.11