XML 75 R45.htm IDEA: XBRL DOCUMENT
v2.4.1.9

EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2015
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Common Share | Computations for basic and diluted EPS are provided below.
| Three Months Ended March 31,
| 2015 |  | 2014
| Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
| ($ in thousands, except per share data)
Basic: |  |  |  |  |  |  |  |  |  |  |
Net income | $ | 12,560 |  |  | $ | 14 |  |  | $ | 12,574 |  |  | $ | 727 |  |  | $ | 22 |  |  | $ | 749 |
Less: income allocated to participating securities | (272 | ) |  | — |  |  | (272 | ) |  | — |  |  | — |  |  | — |
Less: participating securities dividends | (173 | ) |  | — |  |  | (173 | ) |  | — |  |  | — |  |  | — |
Less: preferred stock dividends | (909 | ) |  | (1 | ) |  | (910 | ) |  | (883 | ) |  | (27 | ) |  | (910 | )
Net income (loss) allocated to common stockholders | $ | 11,206 |  |  | $ | 13 |  |  | $ | 11,219 |  |  | $ | (156 | ) |  | $ | (5 | ) |  | $ | (161 | )
Weighted average common shares outstanding | 37,831,035 |  |  | 42,218 |  |  | 37,873,253 |  |  | 19,609,017 |  |  | 590,008 |  |  | 20,199,025 |
Basic earnings (loss) per common share | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )
Diluted: |  |  |  |  |  |  |  |  |  |  |
Net income (loss) allocated to common stockholders | $ | 11,206 |  |  | $ | 13 |  |  | $ | 11,219 |  |  | $ | (156 | ) |  | $ | (5 | ) |  | $ | (161 | )
Additional income allocation for class B dilutive shares | (85 | ) |  | 85 |  |  | — |  |  | — |  |  | — |  |  | — |
Adjusted net income (loss) allocated to common stockholders | $ | 11,121 |  |  | $ | 98 |  |  | $ | 11,219 |  |  | $ | (156 | ) |  | $ | (5 | ) |  | $ | (161 | )
Weighted average common shares outstanding for basic earnings per common share | 37,831,035 |  |  | 42,218 |  |  | 37,873,253 |  |  | 19,609,017 |  |  | 590,008 |  |  | 20,199,025 |
Add: Dilutive effects of restricted stock units | 146,876 |  |  | — |  |  | 146,876 |  |  | — |  |  | — |  |  | — |
Add: Dilutive effects of purchase contracts | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Add: Dilutive effects of stock options | 626 |  |  | — |  |  | 626 |  |  | — |  |  | — |  |  | — |
Add: Dilutive effects of warrants | — |  |  | 283,911 |  |  | 283,911 |  |  | — |  |  | — |  |  | — |
Average shares and dilutive common shares | 37,978,537 |  |  | 326,129 |  |  | 38,304,666 |  |  | 19,609,017 |  |  | 590,008 |  |  | 20,199,025 |
Diluted earnings (loss) per common share | $ | 0.29 |  |  | $ | 0.30 |  |  | $ | 0.29 |  |  | $ | (0.01 | ) |  | $ | (0.01 | ) |  | $ | (0.01 | )

X
- Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration