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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 2017
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Common Share | The following table presents computations of basic and diluted EPS for the three and six months ended June 30, 2017:
| Three Months Ended June 30, 2017 |  | Six Months Ended June 30, 2017
| Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
| ($ in thousands, except per share data)
Income from continuing operations | $ | 15,054 |  |  | $ | 84 |  |  | $ | 15,138 |  |  | $ | 24,396 |  |  | $ | 118 |  |  | $ | 24,514 |
Less: income allocated to participating securities | (12 | ) |  | — |  |  | (12 | ) |  | (174 | ) |  | (1 | ) |  | (175 | )
Less: participating securities dividends | (201 | ) |  | (1 | ) |  | (202 | ) |  | (403 | ) |  | (2 | ) |  | (405 | )
Less: preferred stock dividends | (5,085 | ) |  | (28 | ) |  | (5,113 | ) |  | (10,177 | ) |  | (49 | ) |  | (10,226 | )
Income from continuing operations allocated to common stockholders | 9,756 |  |  | 55 |  |  | 9,811 |  |  | 13,642 |  |  | 66 |  |  | 13,708 |
Income from discontinued operations | (2,865 | ) |  | (16 | ) |  | (2,881 | ) |  | 4,920 |  |  | 24 |  |  | 4,944 |
Net income allocated to common stockholders | $ | 6,891 |  |  | $ | 39 |  |  | $ | 6,930 |  |  | $ | 18,562 |  |  | $ | 90 |  |  | $ | 18,652 |
Weighted average common shares outstanding | 50,010,943 |  |  | 278,647 |  |  | 50,289,590 |  |  | 49,817,624 |  |  | 240,916 |  |  | 50,058,540 |
Dilutive effects of restricted stock units | 42,756 |  |  | — |  |  | 42,756 |  |  | 68,664 |  |  | — |  |  | 68,664 |
Dilutive effects of stock options | 226,603 |  |  | — |  |  | 226,603 |  |  | 207,397 |  |  | — |  |  | 207,397 |
Dilutive effects of warrants | 383,375 |  |  | — |  |  | 383,375 |  |  | 401,497 |  |  | — |  |  | 401,497 |
Average shares and dilutive common shares | 50,663,677 |  |  | 278,647 |  |  | 50,942,324 |  |  | 50,495,182 |  |  | 240,916 |  |  | 50,736,098 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |
Income from discontinued operations | (0.06 | ) |  | (0.06 | ) |  | (0.06 | ) |  | 0.10 |  |  | 0.10 |  |  | 0.10 |
Net income | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.37 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.27 |  |  | $ | 0.27 |  |  | $ | 0.27 |
Income from discontinued operations | (0.06 | ) |  | (0.06 | ) |  | (0.06 | ) |  | 0.10 |  |  | 0.10 |  |  | 0.10 |
Net income | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.14 |  |  | $ | 0.37 |  |  | $ | 0.37 |  |  | $ | 0.37 |
The following table presents computations of basic and diluted EPS for the three and six months ended June 30, 2016:
| Three Months Ended June 30, 2016 |  | Six Months Ended June 30, 2016
| Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
| ($ in thousands, except per share data)
Income from continuing operations | $ | 19,718 |  |  | $ | 42 |  |  | $ | 19,760 |  |  | $ | 37,001 |  |  | $ | 65 |  |  | $ | 37,066 |
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 | )
Income from continuing operations allocated to common stockholders | 13,947 |  |  | 30 |  |  | 13,977 |  |  | 26,107 |  |  | 46 |  |  | 26,153 |
Income from discontinued operations | 6,753 |  |  | 15 |  |  | 6,768 |  |  | 9,133 |  |  | 16 |  |  | 9,149 |
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 |
Dilutive effects of restricted stock units | 258,521 |  |  | — |  |  | 258,521 |  |  | 198,582 |  |  | — |  |  | 198,582 |
Dilutive effects of stock options | 308,405 |  |  | — |  |  | 308,405 |  |  | 217,480 |  |  | — |  |  | 217,480 |
Dilutive effects of warrants | 560,667 |  |  | — |  |  | 560,667 |  |  | 503,304 |  |  | — |  |  | 503,304 |
Average shares and dilutive common shares | 48,452,480 |  |  | 101,954 |  |  | 48,554,434 |  |  | 44,537,902 |  |  | 76,147 |  |  | 44,614,049 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.30 |  |  | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.60 |
Income from discontinued operations | 0.14 |  |  | 0.14 |  |  | 0.14 |  |  | 0.21 |  |  | 0.21 |  |  | 0.21 |
Net income | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | 0.44 |  |  | $ | 0.81 |  |  | $ | 0.81 |  |  | $ | 0.81 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations | $ | 0.29 |  |  | $ | 0.30 |  |  | $ | 0.29 |  |  | $ | 0.59 |  |  | $ | 0.60 |  |  | $ | 0.59 |
Income from discontinued operations | 0.14 |  |  | 0.14 |  |  | 0.14 |  |  | 0.20 |  |  | 0.21 |  |  | 0.20 |
Net income | $ | 0.43 |  |  | $ | 0.44 |  |  | $ | 0.43 |  |  | $ | 0.79 |  |  | $ | 0.81 |  |  | $ | 0.79 |

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- 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
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