XML 75 R57.htm IDEA: XBRL DOCUMENT v3.8.0.1
EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
The following table presents computations of basic and diluted EPS for the periods indicated:
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
($ in thousands, except per share data)
 
Common Stock
 
Class B Common Stock
 
Total
 
Common Stock
 
Class B Common Stock
 
Total
 
Common Stock
 
Class B Common Stock
 
Total
Income from continuing operations
 
$
53,136

 
$
338

 
$
53,474

 
$
86,500

 
$
240

 
$
86,740

 
$
41,103

 
$
15

 
$
41,118

Less: income allocated to participating securities
 
(309
)
 
(2
)
 
(311
)
 
(2,268
)
 
(6
)
 
(2,274
)
 
(1,310
)
 
—

 
(1,310
)
Less: participating securities dividends
 
(806
)
 
(5
)
 
(811
)
 
(757
)
 
(2
)
 
(759
)
 
(713
)
 
—

 
(713
)
Less: preferred stock dividends
 
(20,322
)
 
(129
)
 
(20,451
)
 
(19,859
)
 
(55
)
 
(19,914
)
 
(9,820
)
 
(3
)
 
(9,823
)
Income from continuing operations allocated to common stockholders
 
31,699

 
202

 
31,901

 
63,616

 
177

 
63,793

 
29,260

 
12

 
29,272

Income from discontinued operations
 
4,208

 
27

 
4,235

 
28,597

 
79

 
28,676

 
20,947

 
7

 
20,954

Net income allocated to common stockholders
 
$
35,907

 
$
229

 
$
36,136

 
$
92,213

 
$
256

 
$
92,469

 
$
50,207

 
$
19

 
$
50,226

Weighted-average common shares outstanding
 
49,936,627

 
317,968

 
50,254,595

 
46,699,050

 
129,413

 
46,828,463

 
37,033,725

 
12,869

 
37,046,594

Add: Dilutive effects of restricted stock units
 
72,655

 
—

 
72,655

 
218,121

 
—

 
218,121

 
138,646

 
—

 
138,646

Add: Dilutive effects of stock options
 
159,734

 
—

 
159,734

 
197,435

 
—

 
197,435

 
30,014

 
—

 
30,014

Add: Dilutive effects of warrants
 
332,806

 
—

 
332,806

 
394,086

 
—

 
394,086

 
383,255

 
—

 
383,255

Average shares and dilutive common shares
 
50,501,822

 
317,968

 
50,819,790

 
47,508,692

 
129,413

 
47,638,105

 
37,585,640

 
12,869

 
37,598,509

Basic earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.64

 
$
0.64

 
$
0.64

 
$
1.36

 
$
1.36

 
$
1.36

 
$
0.79

 
$
0.79

 
$
0.79

Income from discontinued operations
 
0.08

 
0.08

 
0.08

 
0.61

 
0.61

 
0.61

 
0.57

 
0.57

 
0.57

Net income
 
$
0.72

 
$
0.72

 
$
0.72

 
$
1.97

 
$
1.97

 
$
1.97

 
$
1.36

 
$
1.36

 
$
1.36

Diluted earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.63

 
$
0.64

 
$
0.63

 
$
1.34

 
$
1.36

 
$
1.34

 
$
0.78

 
$
0.79

 
$
0.78

Income from discontinued operations
 
0.08

 
0.08

 
0.08

 
0.60

 
0.61

 
0.60

 
0.56

 
0.57

 
0.56

Net income
 
$
0.71

 
$
0.72

 
$
0.71

 
$
1.94

 
$
1.97

 
$
1.94

 
$
1.34

 
$
1.36

 
$
1.34