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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
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
June 30,
 
 For the Six Months Ended
June 30,
 
 
2016
 
2015
 
2016
 
2015
Numerator:
 
 

 
 

 
 

 
 

Net income
 
$
21,955

 
$
16,301

 
$
70,689

 
$
26,892

Less: Preferred dividends
 
(4,147
)
 
(4,147
)
 
(8,294
)
 
(8,294
)
Allocation to participating securities
 
(51
)
 
(38
)
 
(80
)
 
(60
)
Attributable to non-controlling interest
 
(90
)
 
(97
)
 
(339
)
 
(154
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
17,667

 
$
12,019

 
$
61,976

 
$
18,384

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
86,433

 
85,831

 
86,396

 
85,768

Dilutive effect of equity-based compensation awards
 
922

 
1,177

 
868

 
1,179

Weighted average common shares outstanding - diluted
 
87,355

 
87,008

 
87,264

 
86,947

Earnings per share:
 
 

 
 

 
 

 
 

Basic
 
$
0.20

 
$
0.14

 
$
0.72

 
$
0.21

Diluted
 
$
0.20

 
$
0.14

 
$
0.71

 
$
0.21