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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
Computations for basic and diluted EPS are provided below:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
Basic:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
$
62,050

 
$
22

 
$
62,072

 
$
29,559

 
$
646

 
$
30,205

 
$
(80
)
 
$
(4
)
 
$
(84
)
Less: income allocated to participating securities
(1,310
)
 
—

 
(1,310
)
 
(487
)
 
(11
)
 
(498
)
 
—

 
—

 
—

Less: participating securities dividends
(713
)
 
—

 
(713
)
 
(531
)
 
(12
)
 
(543
)
 
—

 
—

 
—

Less: preferred stock dividends
(9,820
)
 
(3
)
 
(9,823
)
 
(3,562
)
 
(78
)
 
(3,640
)
 
(2,070
)
 
(115
)
 
(2,185
)
Net income (loss) allocated to common stockholders
$
50,207

 
$
19

 
$
50,226

 
$
24,979

 
$
545

 
$
25,524

 
$
(2,150
)
 
$
(119
)
 
$
(2,269
)
Weighted average common shares outstanding
37,033,725

 
12,869

 
37,046,594

 
27,444,878

 
599,563

 
28,044,441

 
14,481,060

 
805,774

 
15,286,834

Basic earnings (loss) per common share
$
1.36

 
$
1.36

 
$
1.36

 
$
0.91

 
$
0.91

 
$
0.91

 
$
(0.15
)
 
$
(0.15
)
 
$
(0.15
)
Diluted:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) allocated to common stockholders
$
50,207

 
$
19

 
$
50,226

 
$
24,979

 
$
545

 
$
25,524

 
$
(2,150
)
 
$
(119
)
 
$
(2,269
)
Additional income allocation for class B dilutive shares
(520
)
 
520

 
—

 
(106
)
 
106

 
—

 
—

 
—

 
—

Adjusted net income (loss) allocated to common stockholders
$
49,687

 
$
539

 
$
50,226

 
$
24,873

 
$
651

 
$
25,524

 
$
(2,150
)
 
$
(119
)
 
$
(2,269
)
Weighted average common shares outstanding
37,033,725

 
12,869

 
37,046,594

 
27,444,878

 
599,563

 
28,044,441

 
14,481,060

 
805,774

 
15,286,834

Add: Dilutive effects of restricted stock units
138,646

 
—

 
138,646

 
52,286

 
—

 
52,286

 
—

 
—

 
—

Add: Dilutive effects of purchase contracts
—

 
—

 
—

 
26,807

 
—

 
26,807

 
—

 
—

 
—

Add: Dilutive effects of stock options
30,014

 
—

 
30,014

 
8,692

 
—

 
8,692

 
—

 
—

 
—

Add: Dilutive effects of warrants
—

 
383,255

 
383,255

 
—

 
115,997

 
115,997

 
—

 
—

 
—

Average shares and dilutive common shares
37,202,385

 
396,124

 
37,598,509

 
27,532,663

 
715,560

 
28,248,223

 
14,481,060

 
805,774

 
15,286,834

Diluted earnings (loss) per common share
$
1.34

 
$
1.36

 
$
1.34

 
$
0.90

 
$
0.91

 
$
0.90

 
$
(0.15
)
 
$
(0.15
)
 
$
(0.15
)

For the years ended December 31, 2015, 2014, and 2013, there were 498,196, 658,054 and 1,560,172 stock options, respectively, and 0, 0, and 1,635,000 warrants, respectively, that were not considered in computing diluted earnings (loss) per common share, because they were anti-dilutive.