Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2016

Earnings per Share

Reconciliation of net income from continuing operations and the number of shares of common stock used in the computation of basic EPS and diluted EPS

The following table provides a reconciliation of net income and the number of shares of common stock used in the computation of basic EPS and diluted EPS (amounts in thousands, except per share amounts):

	For the Three Months Ended				For the Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Basic Earnings
Income attributable to STWD common stockholders	$	111,473	$	117,148	$	138,130	$	237,511
Less: Income attributable to participating shares		(580)		(1,207)		(1,287)		(2,183)
Basic earnings	$	110,893	$	115,941	$	136,843	$	235,328
Diluted Earnings
Basic — Income attributable to STWD common stockholders	$	111,473	$	117,148	$	138,130	$	237,511
Less: Income attributable to participating shares		(580)		(1,207)		(1,287)		(2,183)
Add: Undistributed earnings to participating shares		—		15		—		126
Less: Undistributed earnings reallocated to participating shares		—		(15)		—		(126)
Diluted earnings	$	110,893	$	115,941	$	136,843	$	235,328
Number of Shares:
Basic — Average shares outstanding		237,060		235,087		236,808		229,346
Effect of dilutive securities — Convertible Notes		441		649		456		644
Effect of dilutive securities — Contingently issuable shares		70		95		70		95
Effect of dilutive securities — Unvested non-participating shares		26		—		33		—
Diluted — Average shares outstanding		237,597		235,831		237,367		230,085
Earnings Per Share Attributable to STWD Common Stockholders:
Basic	$	0.47	$	0.49		0.58		1.03
Diluted	$	0.47	$	0.49		0.58		1.02