EARNINGS PER SHARE (Tables)

9 Months Ended

Sep. 30, 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 and nine months ended September 30, 2017 and 2016 consist of the following:

($ in thousands except share amounts)	For the Three Months Ended September 30, 2017		For the Three Months Ended September 30, 2016		For the Nine Months Ended September 30, 2017		For the Nine Months Ended September 30, 2016
Basic Net income (loss) available for Class A common shareholders	$	24,039	$	27,608	$	48,172	$	24,871
Diluted Net income (loss) available for Class A common shareholders	$	24,039	$	27,608	$	65,275	$	24,871
Weighted average shares outstanding
Basic	85,135,685		62,148,362		79,416,957		60,976,046
Diluted	85,476,266		63,347,690		109,857,679		61,875,010

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

(In thousands except share amounts)	For the Three Months Ended September 30, 2017		For the Three Months Ended September 30, 2016		For the Nine Months Ended September 30, 2017		For the Nine Months Ended September 30, 2016
Basic Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	24,039	$	27,608	$	48,172	$	24,871
Denominator:
Weighted average number of shares of Class A common stock outstanding	85,135,685		62,148,362		79,416,957		60,976,046
Basic net income (loss) per share of Class A common stock	$	0.28	$	0.44	$	0.61	$	0.41
Diluted Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	24,039	$	27,608	$	48,172	$	24,871
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)	—		—		15,210		—
Additional corporate tax (expense) benefit	—		—		1,893		—
Diluted net income (loss) attributable to Class A common shareholders	$	24,039	$	27,608	$	65,275	$	24,871
Denominator:
Basic weighted average number of shares of Class A common stock outstanding	85,135,685		62,148,362		79,416,957		60,976,046
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders	—		—		30,211,137		—
Incremental shares of unvested Class A restricted stock	340,581		1,199,328		229,585		898,964
Diluted weighted average number of shares of Class A common stock outstanding	85,476,266		63,347,690		109,857,679		61,875,010
Diluted net income (loss) per share of Class A common stock	$	0.28	$	0.44	$	0.59	$	0.40