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EARNINGS PER COMMON SHARE (Tables)
6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
Computations of basic and diluted EPS are provided below.
 
Three Months Ended
 
Six Months Ended
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
June 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
26,471

 
$
57

 
$
26,528

 
$
46,134

 
$
81

 
$
46,215

Less: income allocated to participating securities
(482
)
 
(1
)
 
(483
)
 
(851
)
 
(1
)
 
(852
)
Less: participating securities dividends
(186
)
 

 
(186
)
 
(371
)
 
(1
)
 
(372
)
Less: preferred stock dividends
(5,103
)
 
(11
)
 
(5,114
)
 
(9,672
)
 
(17
)
 
(9,689
)
Net income allocated to common stockholders
$
20,700

 
$
45

 
$
20,745

 
$
35,240

 
$
62

 
$
35,302

Weighted average common shares outstanding
47,324,887

 
101,954

 
47,426,841

 
43,618,536

 
76,147

 
43,694,683

Basic earnings per common share:
$
0.44

 
$
0.44

 
$
0.44

 
$
0.81

 
$
0.81

 
$
0.81

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common stockholders
$
20,700

 
$
45

 
$
20,745

 
$
35,240

 
$
62

 
$
35,302

Additional income allocation for class B dilutive shares
(247
)
 
247

 

 
(407
)
 
407

 

Adjusted net income allocated to common stockholders
$
20,453

 
$
292

 
$
20,745

 
$
34,833

 
$
469

 
$
35,302

Weighted average common shares outstanding
47,324,887

 
101,954

 
47,426,841

 
43,618,536

 
76,147

 
43,694,683

Add: Dilutive effects of restricted stock units
258,521

 

 
258,521

 
198,582

 

 
198,582

Add: Dilutive effects of purchase contracts

 

 

 

 

 

Add: Dilutive effects of stock options
308,405

 

 
308,405

 
217,480

 

 
217,480

Add: Dilutive effects of warrants

 
560,667

 
560,667

 

 
503,304

 
503,304

Average shares and dilutive common shares
47,891,813

 
662,621

 
48,554,434

 
44,034,598

 
579,451

 
44,614,049

Diluted earnings per common share
$
0.43

 
$
0.44

 
$
0.43

 
$
0.79

 
$
0.81

 
$
0.79

June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
15,923

 
$
1

 
$
15,924

 
$
28,482

 
$
16

 
$
28,498

Less: income allocated to participating securities
(308
)
 

 
(308
)
 
(580
)
 

 
(580
)
Less: participating securities dividends
(173
)
 

 
(173
)
 
(346
)
 

 
(346
)
Less: preferred stock dividends
(2,843
)
 

 
(2,843
)
 
(3,751
)
 
(2
)
 
(3,753
)
Net income allocated to common stockholders
$
12,599

 
$
1

 
$
12,600

 
$
23,805

 
$
14

 
$
23,819

Weighted average common shares outstanding
38,519,816

 
11

 
38,519,827

 
38,127,368

 
20,998

 
38,148,366

Basic earnings per common share
$
0.33

 
$
0.33

 
$
0.33

 
$
0.62

 
$
0.62

 
$
0.62

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common stockholders
$
12,599

 
$
1

 
$
12,600

 
$
23,805

 
$
14

 
$
23,819

Additional income allocation for class B dilutive shares
(162
)
 
162

 

 
$
(250
)
 
$
250

 
$

Adjusted net income allocated to common stockholders
$
12,437

 
$
163

 
$
12,600

 
$
23,555

 
$
264

 
$
23,819

Weighted average common shares outstanding
38,519,816

 
11

 
38,519,827

 
38,127,368

 
20,998

 
38,148,366

Add: Dilutive effects of restricted stock units
138,196

 

 
138,196

 
142,381

 

 
142,381

Add: Dilutive effects of purchase contracts

 

 

 

 

 

Add: Dilutive effects of stock options
42,533

 

 
42,533

 
12,179

 

 
12,179

Add: Dilutive effects of warrants

 
494,622

 
494,622

 

 
404,369

 
404,369

Average shares and dilutive common shares
38,700,545

 
494,633

 
39,195,178

 
38,281,928

 
425,367

 
38,707,295

Diluted earnings per common share
$
0.32

 
$
0.33

 
$
0.32

 
$
0.62

 
$
0.62

 
$
0.62