XML 39 R28.htm IDEA: XBRL DOCUMENT v3.10.0.1
EARNINGS PER SHARE (Tables)
 9 Months Ended
Sep. 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
September 30,
 
For the
Nine Months Ended
September 30,
 
 
2018
 
2017
 
2018
 
2017
Numerator:
 
 

 
 

 
 

 
 

Net income
 
$
38,001

 
$
22,445

 
$
85,369

 
$
89,734

Less: Preferred dividends
 
(3,710
)
 
(4,200
)
 
(12,962
)
 
(12,600
)
Premium on redemption of preferred stock
 
—

 
—

 
(3,277
)
 
—

Allocation to participating securities
 
(122
)
 
(69
)
 
(249
)
 
(305
)
Attributable to non-controlling interest
 
(100
)
 
(55
)
 
(204
)
 
(289
)
Net income attributable to common stockholders, net of amount allocated to participating securities
 
$
34,069

 
$
18,121

 
$
68,677

 
$
76,540

Denominator:
 
 

 
 

 
 

 
 

Weighted average common shares outstanding - basic
 
103,666

 
103,253

 
103,603

 
98,105

Dilutive effect of equity-based compensation awards
 
155

 
379

 
265

 
366

Weighted average common shares outstanding - diluted
 
103,821

 
103,632

 
103,868

 
98,471

Earnings per share:
 
 
 
 
 
 

 
 

Basic
 
$
0.33

 
$
0.18

 
$
0.66

 
$
0.78

Diluted
 
$
0.33

 
$
0.17

 
$
0.66

 
$
0.78