XML 74 R54.htm IDEA: XBRL DOCUMENT v3.3.1.900
EARNINGS PER COMMON SHARE (Tables)
12 Months Ended
Dec. 31, 2015
Earnings Per Share [Abstract]  
Basic and Diluted 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
)