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EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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
September 30,
 
 For the Nine Months Ended
September 30,
 
 
2017
 
2016
 
2017
 
2016
Numerator:
 
 

 
 

 
 

 
 

Net income
 
$
22,445

 
$
27,198

 
$
89,734

 
$
97,887

Less: Preferred dividends
 
(4,200
)
 
(4,993
)
 
(12,600
)
 
(13,287
)
Allocation to participating securities
 
(69
)
 
(47
)
 
(305
)
 
(127
)
Attributable to non-controlling interest
 
(55
)
 
(115
)
 
(289
)
 
(454
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
18,121

 
$
22,043

 
$
76,540

 
$
84,019

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
103,253

 
86,492

 
98,105

 
86,428

Dilutive effect of equity-based compensation awards
 
379

 
909

 
366

 
891

Weighted average common shares outstanding - diluted
 
103,632

 
87,401

 
98,471

 
87,319

Earnings per share:
 
 

 
 

 
 

 
 

Basic
 
$
0.18

 
$
0.25

 
$
0.78

 
$
0.97

Diluted
 
$
0.17

 
$
0.25

 
$
0.78

 
$
0.96