EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 2015

EARNINGS PER SHARE

Summary of the components used to calculate basic and diluted earnings per share

Below is a summary of the components used to calculate basic and diluted earnings per share (in thousands, except per share):

		For the Three Months Ended September 30,					For the Nine Months Ended September 30,
		2015		2014			2015		2014
Numerator:
Income from continuing operations		$	13,606	$	3,766		$	40,498	$	15,914
Less:	Preferred dividends	4,147		4,147			12,441		12,441
	Allocation to participating securities	29		27			89		68
	Attributable to non-controlling interest	66		(5		)	220		43
Income (loss) from continuing operations attributable to common stockholders		9,364		(403		)	27,748		3,362
Income (loss) from discontinued operations attributable to common stockholders		—		(58		)	—		275
Net income (loss) attributable to common stockholders, net of amount allocated to participating securities		$	9,364	$	(461	)	$	27,748	$	3,637
Denominator:
Weighted average common shares outstanding - basic		85,995		85,303			85,844		85,192
Dilutive effect of equity-based compensation awards		1,070		—			1,156		512
Weighted average common shares outstanding - diluted		87,065		85,303			87,000		85,704
Earnings per share:
Basic net income from continuing operations		$	0.11	$	(0.01	)	$	0.32	$	0.04
Basic net income from discontinued operations		—		—			—		—
Basic net income		$	0.11	$	(0.01	)	$	0.32	$	0.04