EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share [Abstract]

Schedule of the Company's net income and weighted average shares outstanding

The Company’s net income and weighted average shares outstanding for the period February 11, 2014 through December 31, 2014 consists of the following:

($ in thousands except share amounts)	For the Period February 11, 2014 through December 31, 2014
Basic Net income available for Class A common stockholders	$	44,187
Diluted Net income available for Class A common stockholders	$	84,228
Weighted average shares outstanding
Basic	49,296,417
Diluted	97,583,310

Schedule of calculation of basic and diluted net income per share amounts

(In thousands except share amounts)	For the Period February 11, 2014 through December 31, 2014
Basic Net Income Per Share of Class A Common Stock
Numerator:
Net income attributable to Class A common shareholders	$	44,187
Denominator:
Weighted average number of shares of Class A common stock outstanding	49,296,417
Basic net income per share of Class A common stock	$	0.90
Diluted Net Income Per Share of Class A Common Stock
Numerator:
Net income attributable to Class A common shareholders	$	44,187
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income	66,436
Additional corporate tax	(26,395		)
Diluted net income attributable to Class A common shareholders	$	84,228
Denominator:
Basic weighted average number of shares of Class A common stock outstanding	49,296,417
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders	48,145,875
Incremental shares of unvested Class A restricted stock	141,018
Diluted weighted average number of shares of Class A common stock outstanding	97,583,310
Diluted net income per share of Class A common stock	$	0.86