XML 97 R84.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS PER SHARE - Schedule of Calculation of Basic and Diluted EPS (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Numerator:        
Net income (loss) attributable to Class A common shareholders $ 2,802 $ 34,210 $ (2,737) $ 43,384
Denominator:        
Weighted average number of shares of Class A common stock outstanding (in shares) 61,170,006 50,335,095 60,383,447 50,161,553
Add - dilutive effect of:        
Diluted weighted average number of shares of Class A common stock outstanding (in shares) 61,976,962 50,929,538 60,383,447 98,148,577
Diluted net income per share of Class A common stock (in dollars per share) $ 0.05 $ 0.67 $ (0.05) $ 0.85
Numerator:        
Net income (loss) attributable to Class A common shareholders $ 2,802 $ 34,210 $ (2,737) $ 43,384
Denominator:        
Weighted average number of shares of Class A common stock outstanding (in shares) 61,170,006 50,335,095 60,383,447 50,161,553
Basic net income per share of Class A common stock (in dollars per share) $ 0.05 $ 0.68 $ (0.05) $ 0.86
Class A common stock        
Numerator:        
Net income (loss) attributable to Class A common shareholders $ 2,802 $ 34,210 $ (2,737) $ 43,384
Add (deduct) - dilutive effect of:        
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss) 0 0 0 43,768
Additional corporate tax (expense) benefit 0 0 0 (4,087)
Diluted Net income (loss) available for Class A common shareholders $ 2,802 $ 34,210 $ (2,737) $ 83,065
Denominator:        
Weighted average number of shares of Class A common stock outstanding (in shares) 61,170,006 50,335,095 60,383,447 50,161,553
Add - dilutive effect of:        
Shares issuable relating to converted Class B common shareholders (in shares) 0 0 0 47,459,814
Incremental shares of unvested Class A restricted stock (in shares) 806,956 594,443 0 527,210
Diluted weighted average number of shares of Class A common stock outstanding (in shares) 61,976,962 50,929,538 60,383,447 98,148,577
Diluted net income per share of Class A common stock (in dollars per share) $ 0.05 $ 0.67 $ (0.05) $ 0.85
Numerator:        
Net income (loss) attributable to Class A common shareholders $ 2,802 $ 34,210 $ (2,737) $ 43,384
Denominator:        
Weighted average number of shares of Class A common stock outstanding (in shares) 61,170,006 50,335,095 60,383,447 50,161,553
Basic net income per share of Class A common stock (in dollars per share) $ 0.05 $ 0.68 $ (0.05) $ 0.86