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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2017
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,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 

 
 

 
 

 
 

Net income
 
$
34,083

 
$
21,955

 
$
67,289

 
$
70,689

Less: Preferred dividends
 
(4,200
)
 
(4,147
)
 
(8,400
)
 
(8,294
)
Allocation to participating securities
 
(126
)
 
(51
)
 
(240
)
 
(80
)
Attributable to non-controlling interest
 
(114
)
 
(90
)
 
(234
)
 
(339
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
29,643

 
$
17,667

 
$
58,415

 
$
61,976

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
98,184

 
86,433

 
95,488

 
86,396

Dilutive effect of equity-based compensation awards
 
522

 
922

 
495

 
868

Weighted average common shares outstanding - diluted
 
98,706

 
87,355

 
95,983

 
87,264

Earnings per share:
 
 

 
 

 
 

 
 

Basic
 
$
0.30

 
$
0.20

 
$
0.61

 
$
0.72

Diluted
 
$
0.30

 
$
0.20

 
$
0.61

 
$
0.71