Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2017

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,
	2017		2016		2017		2016
Basic Earnings
Income attributable to STWD common stockholders	$	117,380	$	111,473	$	219,738	$	138,130
Less: Income attributable to participating shares		(828)		(580)		(1,728)		(1,287)
Basic earnings	$	116,552	$	110,893	$	218,010	$	136,843
Diluted Earnings
Basic — Income attributable to STWD common stockholders	$	117,380	$	111,473	$	219,738	$	138,130
Less: Income attributable to participating shares		(828)		(580)		(1,728)		(1,287)
Add: Undistributed earnings to participating shares		—		—		—		—
Less: Undistributed earnings reallocated to participating shares		—		—		—		—
Diluted earnings	$	116,552	$	110,893	$	218,010	$	136,843
Number of Shares:
Basic — Average shares outstanding		259,472		237,060		259,236		236,808
Effect of dilutive securities — Convertible Notes		3,142		441		3,128		456
Effect of dilutive securities — Contingently issuable shares		96		70		96		70
Effect of dilutive securities — Unvested non-participating shares		141		26		104		33
Diluted — Average shares outstanding		262,851		237,597		262,564		237,367
Earnings Per Share Attributable to STWD Common Stockholders:
Basic	$	0.45	$	0.47	$	0.84	$	0.58
Diluted	$	0.44	$	0.47	$	0.83	$	0.58