XML 107 R90.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER SHARE - Schedule of Calculation of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 11 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Numerator:                      
Net income attributable to Class A common shareholders $ 27,123 $ 3,313 $ 34,210 $ 9,175 $ 4,374 $ 14,656 $ 12,505 $ 12,652   $ 73,821 $ 44,187
Denominator:                      
Weighted average number of shares of Class A common stock outstanding                 49,296,417 51,702,188 49,296,417
Basic net income per share of Class A common stock (in dollars per share) $ 0.51 $ 0.06 $ 0.68 $ 0.18 $ 0.09 $ 0.30 $ 0.26 $ 0.26   $ 1.43 $ 0.90
Numerator:                      
Net income attributable to Class A common shareholders $ 27,123 $ 3,313 $ 34,210 $ 9,175 $ 4,374 $ 14,656 $ 12,505 $ 12,652   $ 73,821 $ 44,187
Denominator:                      
Weighted average number of shares of Class A common stock outstanding                 49,296,417 51,702,188 49,296,417
Add - dilutive effect of:                      
Diluted weighted average number of shares of Class A common stock outstanding                 97,583,310 51,870,808 97,583,310
Diluted net income per share of Class A common stock (in dollars per share) $ 0.50 $ 0.06 $ 0.67 $ 0.15 $ 0.09 $ 0.28 $ 0.22 $ 0.24   $ 1.42 $ 0.86
Class A common stock                      
Numerator:                      
Net income attributable to Class A common shareholders                 $ 44,187 $ 73,821 $ 44,187
Denominator:                      
Weighted average number of shares of Class A common stock outstanding                 49,296,417 51,702,188  
Basic net income per share of Class A common stock (in dollars per share)                 $ 0.90 $ 1.43  
Numerator:                      
Net income attributable to Class A common shareholders                 $ 44,187 $ 73,821 $ 44,187
Add (deduct) - dilutive effect of:                      
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)                 66,437 0  
Additional corporate tax (expense) benefit                 (26,396) 0  
Diluted Net income available for Class A common shareholders                 $ 84,228 $ 73,821  
Denominator:                      
Weighted average number of shares of Class A common stock outstanding                 49,296,417 51,702,188  
Add - dilutive effect of:                      
Shares issuable relating to converted Class B common shareholders                 48,145,875 0  
Incremental shares of unvested Class A restricted stock                 141,018 168,620  
Diluted weighted average number of shares of Class A common stock outstanding                 97,583,310 51,870,808  
Diluted net income per share of Class A common stock (in dollars per share)                 $ 0.86 $ 1.42