EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2019

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 ended June 30, 2019 and 2018 consist of the following:

	Three Months Ended June 30,				Six Months Ended June 30,
($ in thousands except share amounts)	2019		2018		2019		2018
Basic Net income (loss) available for Class A common shareholders	$	32,244	$	38,406	$	54,419	$	89,281
Diluted Net income (loss) available for Class A common shareholders	$	32,244	$	38,406	$	54,419	$	89,281
Weighted average shares outstanding
Basic	105,511,385		96,810,266		104,888,925		96,003,151
Diluted	105,892,420		97,165,899		105,742,589		96,276,824

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

	Three Months Ended June 30,				Six Months Ended June 30,
(In thousands except share amounts)	2019		2018		2019		2018
Basic Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	32,244	$	38,406	$	54,419	$	89,281
Denominator:
Weighted average number of shares of Class A common stock outstanding	105,511,385		96,810,266		104,888,925		96,003,151
Basic net income (loss) per share of Class A common stock	$	0.31	$	0.40	$	0.52	$	0.93
Diluted Net Income (Loss) Per Share of Class A Common Stock
Numerator:
Net income (loss) attributable to Class A common shareholders	$	32,244	$	38,406	$	54,419	$	89,281
Add (deduct) - dilutive effect of:
Amounts attributable to operating partnership’s share of Ladder Capital Corp net income (loss)	—		—		—		—
Additional corporate tax (expense) benefit	—		—		—		—
Diluted net income (loss) attributable to Class A common shareholders	32,244		38,406		54,419		89,281
Denominator:
Basic weighted average number of shares of Class A common stock outstanding	105,511,385		96,810,266		104,888,925		96,003,151
Add - dilutive effect of:
Shares issuable relating to converted Class B common shareholders	—		—		—		—
Incremental shares of unvested Class A restricted stock	381,035		355,633		853,664		273,673
Diluted weighted average number of shares of Class A common stock outstanding	105,892,420		97,165,899		105,742,589		96,276,824
Diluted net income (loss) per share of Class A common stock	$	0.30	$	0.40	$	0.51	$	0.93

(1)

For three and six months ended June 30, 2019 and 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.