XML 50 R40.htm IDEA: XBRL DOCUMENT v3.10.0.1
Net Income (Loss) per Share (Tables)
 6 Months Ended
Jun. 30, 2018
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 income (loss) per share of common stock using the two-class method for the three and six months ended June 30, 2018 and 2017 ($ in thousands except per share data): 
 
For the three months ended June 30,
 
For the six months ended June, 30
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 
 
 
 
 
 
Net income
$
55,346

 
$
36,235

 
$
104,779

 
$
83,359

Preferred dividends
(6,834
)
 
(9,310
)
 
(13,669
)
 
(18,620
)
Net income available to common stockholders
48,512

 
26,925

 
91,110

 
64,739

Dividends declared on common stock
(56,588
)
 
(48,501
)
 
(113,165
)
 
(90,647
)
Dividends on participating securities
(738
)
 
(630
)
 
(1,489
)
 
(1,259
)
Net loss attributable to common stockholders
$
(8,814
)
 
$
(22,206
)
 
$
(23,544
)
 
$
(27,167
)
Denominator:
 
 
 
 
 
 
 
Basic weighted average shares of common stock outstanding
123,019,993

 
95,428,134

 
116,651,305

 
93,530,831

Diluted weighted average shares of common stock outstanding
124,629,317

 
96,796,289

 
118,281,153

 
94,907,762

Net income per weighted average share of common stock

 

 

 
 
Distributable earnings per share of common stock
$
0.46

 
$
0.51

 
$
0.98

 
$
0.97

Undistributed loss per share of common stock
$
(0.07
)
 
$
(0.23
)
 
$
(0.20
)
 
$
(0.29
)
Basic and diluted net income per share of common stock
$
0.39

 
$
0.28

 
$
0.78

 
$
0.68