EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2015

EARNINGS (LOSS) PER SHARE

Summary of 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 amounts):

	2015		2014		2013
Numerator:
Income from continuing operations	$	125,256	$	20,431	$	6,625
Less: Preferred dividends	16,588		16,588		14,590
Allocation to participating securities	118		94		73
Attributable to non-controlling interest	819		46		44
Income (loss) from continuing operations attributable to common stockholders	107,731		3,703		(8,082		)
Income (loss) from discontinued operations attributable
to common stockholders	—		486		(703		)
Net income (loss) attributable to common stockholders, net of amount allocated to participating securities	$	107,731	$	4,189	$	(8,785	)
Denominator:
Weighted average common shares outstanding - basic	85,920		85,242		70,327
Dilutive effect of equity-based compensation awards	1,224		324		—
Weighted average common shares outstanding - diluted	87,144		85,566		70,327
Earnings per common share - basic:
Net income (loss) from continuing operations	$	1.25	$	0.04	$	(0.11	)
Net income (loss) from discontinued operations	—		0.01		(0.01		)
Net income (loss)	$	1.25	$	0.05	$	(0.12	)
Earnings per common share - diluted:
Net income (loss) from continuing operations	$	1.24	$	0.04	$	(0.11	)
Net income (loss) from discontinued operations	—		0.01		(0.01		)
Net income (loss)	$	1.24	$	0.05	$	(0.12	)