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EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2016
Earnings Per Share [Abstract]  
Schedule of the Company's net income and weighted average shares outstanding
The Company’s net income (loss) and weighted average shares outstanding for the three months ended March 31, 2016 and 2015 consist of the following:
 
($ in thousands except share amounts)
 
For the Three Months Ended March 31, 2016
 
For the Three Months Ended March 31, 2015
 
 
 
 
 
Basic Net income (loss) available for Class A common shareholders
 
$
(5,539
)
 
$
9,175

Diluted Net income (loss) available for Class A common shareholders
 
$
(5,539
)
 
$
14,231

Weighted average shares outstanding
 
 

 
 

Basic
 
59,596,889

 
49,986,082

Diluted
 
59,596,889

 
98,098,672
Schedule of calculation of basic and diluted net income per share amounts
(In thousands except share amounts)
 
For the Three Months Ended March 31, 2016
 
For the Three Months Ended March 31, 2015
 
 
 
 
 
Basic Net Income (Loss) Per Share of Class A Common Stock
 
 

 
 

Numerator:
 
 

 
 

Net income (loss) attributable to Class A common shareholders
 
$
(5,539
)
 
$
9,175

Denominator:
 
 

 
 

Weighted average number of shares of Class A common stock outstanding
 
59,596,889

 
49,986,082

Basic net income (loss) per share of Class A common stock
 
$
(0.09
)
 
$
0.18

 
 
 
 
 
Diluted Net Income (Loss) Per Share of Class A Common Stock
 
 

 
 

Numerator:
 
 

 
 

Net income (loss) attributable to Class A common shareholders
 
$
(5,539
)
 
$
9,175

Add (deduct) - dilutive effect of:
 
 

 
 

Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)
 
—

 
8,596

Additional corporate tax (expense) benefit
 
—

 
(3,540
)
Diluted net income attributable to Class A common shareholders
 
$
(5,539
)
 
$
14,231

Denominator:
 
 

 
 

Basic weighted average number of shares of Class A common stock outstanding
 
59,596,889

 
49,986,082

Add - dilutive effect of:
 
 

 
 

Shares issuable relating to converted Class B common shareholders
 
—

 
47,645,531

Incremental shares of unvested Class A restricted stock
 
—

 
467,059

Diluted weighted average number of shares of Class A common stock outstanding
 
59,596,889

 
98,098,672

Diluted net income (loss) per share of Class A common stock
 
$
(0.09
)
 
$
0.15