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EARNINGS PER COMMON SHARE
3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
The following table illustrates the computation of basic and diluted earnings per share for the three months ended March 31, 2015 and 2014 (in thousands, except share and per share amounts):
 
 
Three Months Ended March 31,
 
 
2015
 
2014
Numerator
 
 
 
 
Net income (loss) attributable to common stockholders
 
$
16,889

 
$
(9,864
)
 
 
 
 
 
Denominator
 
 
 
 
Basic weighted average common shares and common equivalents
 
59,185,225

 
38,968,403

Dilutive restricted stock units
 
374,028

 

 
 
 
 
 
Diluted weighted average common shares
 
59,559,253

 
38,968,403

 
 
 
 
 
Net income (loss) attributable to common stockholders, per:
 
 
 
 
 
 
 
 
 
Basic common share
 
$
0.29

 
$
(0.25
)
 
 
 
 
 
Diluted common share
 
$
0.28

 
$
(0.25
)

Certain restricted stock units are considered participating securities because dividend payments are not forfeited even if the underlying award does not vest. Accordingly, the Company uses the two-class method when computing basic and diluted earnings per share. During the three months ended March 31, 2015 and 2014, 300 and 38,000 restricted stock units, respectively, were not included because they were anti-dilutive. No stock options were considered anti-dilutive during the three months ended March 31, 2014. No stock options were outstanding during the three months ended March 31, 2015.