Earnings per Share (Tables)

12 Months Ended

Dec. 31, 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 from continuing operations 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 Year Ended December 31,
	2016		2015		2014
Basic Earnings
Continuing Operations:
Income from continuing operations attributable to STWD common stockholders	$	365,186	$	450,697	$	496,572
Less: Income attributable to participating shares		(2,053)		(3,434)		(5,579)
Basic — Income from continuing operations	$	363,133	$	447,263	$	490,993
Discontinued Operations:
Loss from discontinued operations	$	—	$	—	$	(1,551)
Basic — Net income attributable to STWD common stockholders after allocation to participating shares	$	363,133	$	447,263	$	489,442
Diluted Earnings
Continuing Operations:
Basic — Income from continuing operations attributable to STWD common stockholders	$	365,186	$	450,697	$	496,572
Less: Income attributable to participating shares		(2,053)		(3,434)		(5,579)
Add: Undistributed earnings to participating shares		—		—		918
Less: Undistributed earnings reallocated to participating shares		—		—		(902)
Diluted — Income from continuing operations	$	363,133	$	447,263	$	491,009
Discontinued Operations:
Basic — Loss from discontinued operations	$	—	$	—	$	(1,551)
Diluted — Net income attributable to STWD common stockholders after allocation to participating shares	$	363,133	$	447,263	$	489,458
Number of Shares:
Basic — Average shares outstanding		238,529		233,419		214,945
Effect of dilutive securities — Convertible Notes		2,697		97		3,432
Effect of dilutive securities — Contingently issuable shares		473		524		404
Effect of dilutive securities — Unvested non-participating shares		95		102		—
Diluted — Average shares outstanding		241,794		234,142		218,781
Earnings Per Share Attributable to STWD Common Stockholders:
Basic:
Income from continuing operations	$	1.52	$	1.92	$	2.29
Loss from discontinued operations		—		—		(0.01)
Net income	$	1.52	$	1.92	$	2.28
Diluted:
Income from continuing operations	$	1.50	$	1.91	$	2.25
Loss from discontinued operations		—		—		(0.01)
Net income	$	1.50	$	1.91	$	2.24