XML 39 R28.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2018
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
March 31,
 
 
2018
 
2017
Numerator:
 
 

 
 

Net income
 
$
9,691

 
$
33,206

Less: Preferred dividends
 
(5,543
)
 
(4,200
)
Premium on redemption of preferred stock
 
(3,277
)
 
—

Allocation to participating securities
 
(70
)
 
(114
)
Attributable to non-controlling interest
 
(3
)
 
(120
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
798

 
$
28,772

Denominator:
 
 

 
 

Weighted average common shares outstanding - basic
 
103,500

 
92,762

Dilutive effect of equity-based compensation awards
 
399

 
468

Weighted average common shares outstanding - diluted
 
103,899

 
93,230

Earnings per share - basic and diluted
 
$
0.01

 
$
0.31