XML 23 R57.htm IDEA: XBRL DOCUMENT v2.4.1.9
Earnings Per Share (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Net increase (decrease) in shareholders' equity resulting from operations    
Net Income (Loss) Attributable to Parent $ 19,261us-gaap_NetIncomeLoss $ 22,635us-gaap_NetIncomeLoss [1]
Net Income (Loss) Attributable to Participating Non-controlling Interest 120efc_NetIncomeLossAttributabletoParticipatingNoncontrollingInterest [2] 185efc_NetIncomeLossAttributabletoParticipatingNoncontrollingInterest [2]
Net income (loss) attributable to parent and participating non-controlling interest 19,381efc_Netincomelossattributabletoparentandparticipatingnoncontrollinginterest 22,820efc_Netincomelossattributabletoparentandparticipatingnoncontrollinginterest
Net increase in shareholders' equity resulting from operations– common shares 19,017efc_NetIncomeLossCommonShares 22,275efc_NetIncomeLossCommonShares
Net increase in shareholders' equity resulting from operations– LTIP units 244efc_NetIncomeLossLtips 360efc_NetIncomeLossLtips
Dividends Paid(2):    
Common shareholders (21,743)us-gaap_DividendsCommonStock [3] (19,590)us-gaap_DividendsCommonStock [3]
LTIP unit holders (279)us-gaap_DividendsShareBasedCompensation [3] (317)us-gaap_DividendsShareBasedCompensation [3]
Non-controlling Interest (137)us-gaap_PaymentsOfDividendsMinorityInterest [3] (163)us-gaap_PaymentsOfDividendsMinorityInterest [3]
Total dividends paid to common shareholders, LTIP unit holders, and non-controlling interest (22,159)us-gaap_Dividends [3],[4] (20,070)us-gaap_Dividends [3],[4]
Undistributed (Distributed in excess of) earnings:    
Common shareholders (2,726)efc_UndistributedEarningsAllocatedToCommonShares 2,685efc_UndistributedEarningsAllocatedToCommonShares
LTIP Unit holders (35)us-gaap_UndistributedEarningsAllocatedToParticipatingSecurities 43us-gaap_UndistributedEarningsAllocatedToParticipatingSecurities
Non-controlling interest (17)efc_NonControllingInterest 22efc_NonControllingInterest
Total undistributed (distributed in excess of) earnings attributable to common shareholders, LTIP unit holders, and non-controlling interest (2,778)us-gaap_UndistributedEarnings 2,750us-gaap_UndistributedEarnings
Weighted average shares outstanding (basic and diluted):    
Weighted average common shares outstanding 33,449,678efc_WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted 23,435,571efc_WeightedAverageNumberOfCommonShareOutstandingBasicAndDiluted
Weighted average participating LTIP units 429,314efc_WeightedAverageParticipatingLongTermIncentivePlanUnits 411,052efc_WeightedAverageParticipatingLongTermIncentivePlanUnits
Weighted average non-controlling interest units 212,000efc_EfcWeightedaverageparticipatingnoncontrollinginterestunits 212,000efc_EfcWeightedaverageparticipatingnoncontrollinginterestunits
Basic earnings per common share:    
Distributed (in usd per share) $ 0.65us-gaap_EarningsPerShareBasicDistributed $ 0.77us-gaap_EarningsPerShareBasicDistributed
Undistributed (Distributed in excess of) (in usd per share) $ (0.08)us-gaap_EarningsPerShareBasicUndistributed $ 0.11us-gaap_EarningsPerShareBasicUndistributed
Basic earnings per common share (in usd per share) $ 0.57us-gaap_EarningsPerShareBasic $ 0.88us-gaap_EarningsPerShareBasic
Diluted earnings per common share:    
Distributed (in usd per share) $ 0.65us-gaap_EarningsPerShareDilutedDistributed $ 0.77us-gaap_EarningsPerShareDilutedDistributed
Undistributed (Distributed in excess of) (in usd per share) $ (0.08)us-gaap_EarningsPerShareDilutedUndistributed $ 0.11us-gaap_EarningsPerShareDilutedUndistributed
Diluted earnings per common share (in usd per share) $ 0.57us-gaap_EarningsPerShareDiluted $ 0.88us-gaap_EarningsPerShareDiluted
Net Income (Loss) Attributable to Non-Participating Non-controlling Interest $ 36efc_NetIncomeLossAttributabletoNonParticipatingNoncontrollingInterest $ 18efc_NetIncomeLossAttributabletoNonParticipatingNoncontrollingInterest
[1] Conformed to current period presentation.
[2] For the three month periods ended March 31, 2015 and 2014, excludes net increase in equity resulting from operations of $36.0 thousand and $18.0 thousand, respectively attributable to joint venture partners, which have non-participating interests as described in Note 9.
[3] The Company pays quarterly dividends in arrears, so a portion of the dividends paid in each calendar year relate to the prior year's earnings.
[4] For the three month periods ended March 31, 2015 and 2014, dividends totaling $0.65 and $0.77, respectively, per common share and convertible unit outstanding, were declared and paid.