EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2018

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 six months endedJune 30, 2018 and 2017 consist of the following:

($ in thousands except share amounts)	For the Three Months Ended June 30, 2018		For the Three Months Ended June 30, 2017		For the Six Months Ended June 30, 2018		For the Six Months Ended June 30, 2017
Basic Net income (loss) available for Class A common shareholders	$	38,406	$	22,113	$	89,281	$	35,584
Diluted Net income (loss) available for Class A common shareholders	$	38,406	$	28,967	$	89,281	$	49,004
Weighted average shares outstanding
Basic	96,810,266		80,108,431		96,003,151		76,510,201
Diluted	97,165,899		110,055,308		96,276,824		109,693,706

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

(In thousands except share amounts)	For the Three Months Ended June 30, 2018(1)		For the Three Months Ended June 30, 2017			For the Six Months Ended June 30, 2018(1)		For the Six Months Ended June 30, 2017
Basic Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	38,406	$	22,113		$	89,281	$	35,584
Denominator:
Weighted average number of shares of Class A common stock outstanding	96,810,266		80,108,431			96,003,151		76,510,201
Basic net income (loss) per share of Class A common stock	$	0.40	$	0.28		$	0.93	$	0.47
Diluted Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	38,406	$	22,113		$	89,281	$	35,584
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)	—		8,868			—		14,706
Additional corporate tax (expense) benefit	—		(2,014		)	—		(1,286		)
Diluted net income (loss) attributable to Class A common shareholders	$	38,406	$	28,967		$	89,281	$	49,004
Denominator:
Basic weighted average number of shares of Class A common stock outstanding	96,810,266		80,108,431			96,003,151		76,510,201
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders	—		29,723,350			—		33,013,753
Incremental shares of unvested Class A restricted stock	355,633		223,527			273,673		169,752
Diluted weighted average number of shares of Class A common stock outstanding	97,165,899		110,055,308			96,276,824		109,693,706
Diluted net income (loss) per share of Class A common stock	$	0.40	$	0.26		$	0.93	$	0.45

(1) For the three and six months endedJune 30, 2018, shares issuable relating to converted Class B common shareholders are excluded from the calculation of diluted EPS as the inclusion of such potential common shares in the calculation would be anti-dilutive.