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EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 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
June 30,
 
For the
Six Months Ended
June 30,
 
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 

 
 

 
 

 
 

Net income
 
$
37,677

 
$
34,083

 
$
47,368

 
$
67,289

Less: Preferred dividends
 
(3,709
)
 
(4,200
)
 
(9,252
)
 
(8,400
)
Premium on redemption of preferred stock
 
—

 
—

 
(3,277
)
 
—

Allocation to participating securities
 
(120
)
 
(126
)
 
(137
)
 
(240
)
Attributable to non-controlling interest
 
(101
)
 
(114
)
 
(104
)
 
(234
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
33,747

 
$
29,643

 
$
34,598

 
$
58,415

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
103,643

 
98,184

 
103,572

 
95,488

Dilutive effect of equity-based compensation awards
 
240

 
522

 
320

 
495

Weighted average common shares outstanding - diluted
 
103,883

 
98,706

 
103,892

 
95,983

Earnings per share:
 
 
 
 
 
 

 
 

Basic
 
$
0.33

 
$
0.30

 
$
0.33

 
$
0.61

Diluted
 
$
0.32

 
$
0.30

 
$
0.33

 
$
0.61