Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2014

Earnings Per Share

Reconciliation of the numerator and denominator of the basic and diluted EPS computations

	Year Ended December 31,
	2014				2013				2012
	Basic		Diluted		Basic		Diluted		Basic		Diluted
Income from continuing operations, net of noncontrolling interest and preferred stock dividends	$	85,792,235	$	85,792,235	$	16,667,955	$	16,667,955	$	16,172,850	$	16,172,850
Income from discontinued operations		—		—		—		—		5,328,038		5,328,038
Net income attributable to Arbor Realty Trust, Inc. common stockholders(1)	$	85,792,235	$	85,792,235	$	16,667,955	$	16,667,955	$	21,500,888	$	21,500,888
Weighted average number of common shares outstanding		50,143,648		50,143,648		42,399,872		42,399,872		26,956,938		26,956,938
Dilutive effect of warrants(2)		—		224,696		—		435,272		—		254,349
Weighted average number of common shares outstanding		50,143,648		50,368,344		42,399,872		42,835,144		26,956,938		27,211,287
Income from continuing operations, net of noncontrolling interest and preferred stock dividends, per common share	$	1.71	$	1.70	$	0.39	$	0.39	$	0.60	$	0.59
Income from discontinued operations per common share		—		—		—		—		0.20		0.20
Net income attributable to Arbor Realty Trust, Inc. per common share(1)	$	1.71	$	1.70	$	0.39	$	0.39	$	0.80	$	0.79

(1)	Net of noncontrolling interest and preferred stock dividends.
(2)	On July 1, 2014, we acquired and canceled all of the warrants. See Note 12—"Equity" for further details.