EARNINGS PER COMMON SHARE (Tables) (Predecessor Company)

3 Months Ended

Mar. 31, 2015

Predecessor Company

Earnings per common share

Schedule of reconciliation of basic and diluted net (loss) income per common share

The following table presents a reconciliation of basic and diluted net income (loss) per common share for the Predecessor Company (amounts in thousands, except per share information):

	Predecessor Company
	Three months endedMarch 31, 2014
Net income (loss)	$	108,183
Less: Preferred share distributions	6,891
Net income (loss) available to common shares	$	101,292
Less: Dividends and undistributed earnings allocated to participating securities	309
Net income (loss) allocated to common shares	$	100,983
Basic:
Basic weighted average common shares outstanding	204,236
Net income (loss) per common share	$	0.49
Diluted:
Diluted weighted average common shares outstanding(1)	204,236
Net income (loss) per common share	$	0.49
Distributions declared per common share	$	0.22

(1) Potential anti-dilutive common shares excluded from diluted earnings per share related to common share options were 1,932,279.