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EARNINGS PER COMMON SHARE
 3 Months Ended
Mar. 31, 2018
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE
The following table presents computations of basic and diluted EPS for the three months ended March 31, 2018 and 2017:
 
 
Three Months Ended March 31,
 
 
2018
 
2017
($ in thousands except per share data)
 
Common Stock
 
Class B Common Stock
 
Total
 
Common Stock
 
Class B Common Stock
 
Total
Income from continuing operations
 
$
7,003

 
$
71

 
$
7,074

 
$
9,338

 
$
38

 
$
9,376

Less: income allocated to participating securities
 
—

 
—

 
—

 
(162
)
 
(1
)
 
(163
)
Less: participating securities dividends
 
(201
)
 
(2
)
 
(203
)
 
(202
)
 
(1
)
 
(203
)
Less: preferred stock dividends
 
(5,062
)
 
(51
)
 
(5,113
)
 
(5,092
)
 
(21
)
 
(5,113
)
Income from continuing operations allocated to common stockholders
 
1,740

 
18

 
1,758

 
3,882

 
15

 
3,897

Income from discontinued operations
 
1,469

 
15

 
1,484

 
7,793

 
32

 
7,825

Net income allocated to common stockholders
 
$
3,209

 
$
33

 
$
3,242

 
$
11,675

 
$
47

 
$
11,722

Weighted average common shares outstanding
 
50,082,438

 
508,107

 
50,590,545

 
49,788,421

 
202,765

 
49,991,186

Dilutive effects of stock units
 
135,649

 
—

 
135,649

 
209,395

 
—

 
209,395

Dilutive effects of stock options
 
47,701

 
—

 
47,701

 
207,506

 
—

 
207,506

Dilutive effects of warrants
 
151,635

 
—

 
151,635

 
346,058

 
—

 
346,058

Average shares and dilutive common shares
 
50,417,423

 
508,107

 
50,925,530

 
50,551,380

 
202,765

 
50,754,145

Basic earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.03

 
$
0.03

 
$
0.03

 
$
0.08

 
$
0.08

 
$
0.08

Income from discontinued operations
 
0.03

 
0.03

 
0.03

 
0.15

 
0.15

 
0.15

Net income
 
$
0.06

 
$
0.06

 
$
0.06

 
$
0.23

 
$
0.23

 
$
0.23

Diluted earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.03

 
$
0.03

 
$
0.03

 
$
0.08

 
$
0.08

 
$
0.08

Income from discontinued operations
 
0.03

 
0.03

 
0.03

 
0.15

 
0.15

 
0.15

Net income
 
$
0.06

 
$
0.06

 
$
0.06

 
$
0.23

 
$
0.23

 
$
0.23


For the three months ended March 31, 2018, there were 1,288 stock units and 0 stock options that were not considered in computing diluted earnings per common share, because they were anti-dilutive. For the three months ended March 31, 2017, there were no stock units/options that were anti-dilutive.