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Earnings per Common Share (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Earnings Per 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