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Earnings per Common Share
 9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings per Common Share
Earnings per Common Share
Earnings per share for the three and nine months ended September 30, 2016 and 2015 is computed as follows: 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
$ and share amounts in thousands
2016
 
2015
 
2016
 
2015
Numerator (Income)
 
 
 
 
 
 
 
Basic Earnings:
 
 
 
 
 
 
 
Net income (loss) available to common stockholders
129,219

 
(144,515
)
 
(38,558
)
 
(15,985
)
Effect of dilutive securities:
 
 
 
 
 
 
 
Income allocated to exchangeable senior notes
5,620

 
—

 
—

 
—

Income (loss) allocated to non-controlling interest
1,723

 
(1,628
)
 
(235
)
 
(10
)
Dilutive net income (loss) available to stockholders
136,562

 
(146,143
)
 
(38,793
)
 
(15,995
)
Denominator (Weighted Average Shares)
 
 
 
 
 
 
 
Basic Earnings:
 
 
 
 
 
 
 
Shares available to common stockholders
111,587

 
122,047

 
112,101

 
122,763

Effect of dilutive securities:
 
 

 
 
 
 
Restricted stock awards
46

 
—

 
—

 
—

OP units
1,425

 
1,425

 
1,425

 
1,425

Exchangeable senior notes
16,835

 
—

 
—

 
—

Dilutive Shares
129,893

 
123,472

 
113,526

 
124,188


The following potential common shares were excluded from diluted earnings per common share for the nine months ended September 30, 2016 as the effect would be anti-dilutive: 16,835,720 for the exchangeable senior notes and 44,785 for restricted stock awards, respectively. The following potential common shares were excluded from diluted earnings per share for the three and nine months ended September 30, 2015 as the effective would be anti-dilutive: 16,835,720 for the exchangeable senior notes, respectively, and 40,810 and 41,404 for restricted stock awards, respectively.