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EARNINGS PER SHARE (Tables)
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
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):
 
 
 
2016
 
2015
 
2014
Numerator:
 
 

 
 

 
 

Income from continuing operations
 
$
108,261

 
$
125,256

 
$
20,431

Less: Preferred dividends
 
(18,232
)
 
(16,588
)
 
(16,588
)
Premium on redemption of Series A Preferred Stock
 
(2,125
)
 
—

 
—

Allocation to participating securities
 
(342
)
 
(118
)
 
(94
)
Attributable to non-controlling interest
 
(456
)
 
(819
)
 
(46
)
Income from continuing operations attributable to common stockholders
 
87,106

 
107,731

 
3,703

Income from discontinued operations attributable
to common stockholders
 
—

 
—

 
486

Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
87,106

 
$
107,731

 
$
4,189

 
 
 
 
 
 
 
Denominator:
 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
86,874

 
85,920

 
85,242

Dilutive effect of equity-based compensation awards
 
469

 
1,224

 
324

Weighted average common shares outstanding - diluted
 
87,343

 
87,144

 
85,566

 
 
 
 
 
 
 
Earnings per common share - basic:
 
 

 
 

 
 

Net income from continuing operations
 
$
1.00

 
$
1.25

 
$
0.04

Net income from discontinued operations
 
—

 
—

 
0.01

Net income per common share
 
$
1.00

 
$
1.25

 
$
0.05

Earnings per common share - diluted:
 
 

 
 

 
 

Net income from continuing operations
 
$
1.00

 
$
1.24

 
$
0.04

Net income from discontinued operations
 
—

 
—

 
0.01

Net income per common share
 
$
1.00

 
$
1.24

 
$
0.05