EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2017

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, 2017 and 2016 consist of the following:

($ in thousands except share amounts)	For the Three Months Ended March 31, 2017		For the Three Months Ended March 31, 2016
Basic Net income (loss) available for Class A common shareholders	$	13,470	$	(5,539	)
Diluted Net income (loss) available for Class A common shareholders	$	19,280	$	(5,539	)
Weighted average shares outstanding
Basic	72,871,990		59,596,889
Diluted	109,334,847		59,596,889

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

(In thousands except share amounts)	For the Three Months Ended March 31, 2017			For the Three Months Ended March 31, 2016
Basic Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	13,470		$	(5,539	)
Denominator:
Weighted average number of shares of Class A common stock outstanding	72,871,990			59,596,889
Basic net income (loss) per share of Class A common stock	$	0.18		$	(0.09	)
Diluted Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	13,470		$	(5,539	)
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)	5,838			—
Additional corporate tax (expense) benefit	(28		)	—
Diluted net income (loss) attributable to Class A common shareholders	$	19,280		$	(5,539	)
Denominator:
Basic weighted average number of shares of Class A common stock outstanding	72,871,990			59,596,889
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders	36,340,717			—
Incremental shares of unvested Class A restricted stock	122,140			—
Diluted weighted average number of shares of Class A common stock outstanding	109,334,847			59,596,889
Diluted net income (loss) per share of Class A common stock	$	0.18		$	(0.09	)