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QUARTERLY FINANCIAL DATA (UNAUDITED) (Notes)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY FINANCIAL DATA (UNAUDITED) 19. QUARTERLY FINANCIAL DATA (UNAUDITED)

The following summarizes the combined consolidated quarterly financial information for the Company ($ in thousands except per share and dividend amounts):
 
 
Q4 2016(1)
 
Q3 2016
 
Q2 2016
 
Q1 2016(1)
 
 
 
 
 
 
 
 
 
Interest income
 
$
60,721

 
$
60,284

 
$
55,766

 
$
59,601

Net interest income after provision for loan losses
 
28,517

 
29,599

 
27,214

 
29,915

Other income (loss)
 
89,212

 
69,335

 
11,835

 
(7,070
)
Costs and expenses
 
45,335

 
40,615

 
37,405

 
35,162

Income (loss) before taxes
 
72,394

 
58,319

 
1,644

 
(12,317
)
Income tax expense (benefit)
 
773

 
8,721

 
(2,301
)
 
(873
)
Net income (loss)
 
71,621

 
49,598

 
3,945

 
(11,444
)
Net (income) loss attributable to noncontrolling interest in consolidated joint ventures
 
(298
)
 
439

 
(235
)
 
232

Net (income) loss attributable to noncontrolling interest in operating partnership
 
(29,467
)
 
(22,429
)
 
(908
)
 
5,673

Net income (loss) attributable to Class A common shareholders
 
$
41,856

 
$
27,608

 
$
2,802

 
$
(5,539
)
 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.64

 
$
0.44

 
$
0.05

 
$
(0.09
)
Diluted
 
$
0.63

 
$
0.44

 
$
0.05

 
$
(0.09
)
 
 
 
 
 
 
 
 
 
Dividends per share of common stock
 
$
0.460

 
$
0.275

 
$
0.275

 
$
0.275

 
 
 
 
 
 
 
 
 
 
 
Q4 2015
 
Q3 2015
 
Q2 2015
 
Q1 2015
 
 
 
 
 
 
 
 
 
Interest income
 
$
62,903

 
$
63,013

 
$
59,239

 
$
56,384

Net interest income after provision for loan losses
 
33,297

 
33,328

 
31,602

 
29,409

Other income
 
72,183

(2)
7,549

 
86,452

 
35,037

Costs and expenses
 
38,347

 
42,260

 
44,180

 
43,379

Income (loss) before taxes
 
67,133

 
(1,383
)
 
73,874

 
21,067

Income tax expense (benefit)
 
10,457

 
(4,181
)
 
5,177

 
3,104

Net income
 
56,676

 
2,798

 
68,697

 
17,963

Net (income) loss attributable to noncontrolling interest in consolidated joint ventures
 
(2,146
)
 
85

 
684

 
(191
)
Net (income) loss attributable to noncontrolling interest in operating partnership
 
(27,407
)
 
430

 
(35,171
)
 
(8,597
)
Net income attributable to Class A common shareholders
 
$
27,123

 
$
3,313

 
$
34,210

 
$
9,175

 
 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
 
Basic
 
$
0.51

 
$
0.06

 
$
0.68

 
$
0.18

Diluted
 
$
0.50

 
$
0.06

 
$
0.67

 
$
0.15

 
 
 
 
 
 
 
 
 
Dividends per share of common stock
 
$
1.450

 
$
0.275

 
$
0.250

 
$
0.250

 
(1)
See Note 2. Significant Accounting Policies, “Out-of-Period Adjustments” for out-of-period adjustments included in the three month periods ended March 31, 2016 and December 31, 2016.
(2)
Increase in the quarter ended December 31, 2015 was primarily the result of an increase in net result from derivative transactions and gain on sale of real estate, net, offset by decrease in gain on sale of loans.