XML 60 R50.htm IDEA: XBRL DOCUMENT
v3.10.0.1

EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2018
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 nine months ended September 30, 2017:
|  | Three Months Ended September 30, 2017 |  | Nine Months Ended September 30, 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 |  | $ | 17,980 |  |  | $ | 128 |  |  | $ | 18,108 |  |  | $ | 42,384 |  |  | $ | 238 |  |  | $ | 42,622 |
Less: income allocated to participating securities |  | (152 | ) |  | (1 | ) |  | (153 | ) |  | (327 | ) |  | (2 | ) |  | (329 | )
Less: participating securities dividends |  | (202 | ) |  | (1 | ) |  | (203 | ) |  | (605 | ) |  | (3 | ) |  | (608 | )
Less: preferred stock dividends |  | (5,076 | ) |  | (36 | ) |  | (5,112 | ) |  | (15,252 | ) |  | (86 | ) |  | (15,338 | )
Income from continuing operations allocated to common stockholders |  | 12,550 |  |  | 90 |  |  | 12,640 |  |  | 26,200 |  |  | 147 |  |  | 26,347 |
Income from discontinued operations |  | (1,151 | ) |  | (8 | ) |  | (1,159 | ) |  | 3,764 |  |  | 21 |  |  | 3,785 |
Net income allocated to common stockholders |  | $ | 11,399 |  |  | $ | 82 |  |  | $ | 11,481 |  |  | $ | 29,964 |  |  | $ | 168 |  |  | $ | 30,132 |
Weighted average common shares outstanding |  | 50,006,370 |  |  | 355,944 |  |  | 50,362,314 |  |  | 49,881,231 |  |  | 279,697 |  |  | 50,160,928 |
Dilutive effects of stock units |  | 130,700 |  |  | — |  |  | 130,700 |  |  | 96,899 |  |  | — |  |  | 96,899 |
Dilutive effects of stock options |  | 147,424 |  |  | — |  |  | 147,424 |  |  | 187,206 |  |  | — |  |  | 187,206 |
Dilutive effects of warrants |  | 292,920 |  |  | — |  |  | 292,920 |  |  | 365,374 |  |  | — |  |  | 365,374 |
Average shares and dilutive common shares |  | 50,577,414 |  |  | 355,944 |  |  | 50,933,358 |  |  | 50,530,710 |  |  | 279,697 |  |  | 50,810,407 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.52 |  |  | $ | 0.52 |  |  | $ | 0.52 |
Income from discontinued operations |  | (0.02 | ) |  | (0.02 | ) |  | 0.02 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
Net income |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.60 |  |  | $ | 0.60 |  |  | $ | 0.60 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.52 |  |  | $ | 0.52 |  |  | $ | 0.52 |
Income from discontinued operations |  | (0.02 | ) |  | (0.02 | ) |  | (0.02 | ) |  | 0.07 |  |  | 0.08 |  |  | 0.07 |
Net income |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.59 |  |  | $ | 0.60 |  |  | $ | 0.59 |
The following table presents computations of basic and diluted EPS for the three and nine months ended September 30, 2018:
|  | Three Months Ended September 30, 2018 |  | Nine Months Ended September 30, 2018
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
Income from continuing operations |  | $ | 10,330 |  |  | $ | 98 |  |  | $ | 10,428 |  |  | $ | 31,043 |  |  | $ | 313 |  |  | $ | 31,356 |
Less: participating securities dividends |  | (200 | ) |  | (2 | ) |  | (202 | ) |  | (602 | ) |  | (6 | ) |  | (608 | )
Less: preferred stock dividends |  | (4,923 | ) |  | (47 | ) |  | (4,970 | ) |  | (15,044 | ) |  | (152 | ) |  | (15,196 | )
Less: preferred stock redemption |  | (2,285 | ) |  | (22 | ) |  | (2,307 | ) |  | (2,284 | ) |  | (23 | ) |  | (2,307 | )
Income from continuing operations allocated to common stockholders |  | 2,922 |  |  | 27 |  |  | 2,949 |  |  | 13,113 |  |  | 132 |  |  | 13,245 |
Income from discontinued operations |  | 662 |  |  | 6 |  |  | 668 |  |  | 3,047 |  |  | 31 |  |  | 3,078 |
Net income allocated to common stockholders |  | $ | 3,584 |  |  | $ | 33 |  |  | $ | 3,617 |  |  | $ | 16,160 |  |  | $ | 163 |  |  | $ | 16,323 |
Weighted average common shares outstanding |  | 50,179,555 |  |  | 476,521 |  |  | 50,656,076 |  |  | 50,108,501 |  |  | 505,089 |  |  | 50,613,590 |
Dilutive effects of stock units |  | 195,508 |  |  | — |  |  | 195,508 |  |  | 140,200 |  |  | — |  |  | 140,200 |
Dilutive effects of stock options |  | 47,068 |  |  | — |  |  | 47,068 |  |  | 44,856 |  |  | — |  |  | 44,856 |
Dilutive effects of warrants |  | 812 |  |  | — |  |  | 812 |  |  | 74,356 |  |  | — |  |  | 74,356 |
Average shares and dilutive common shares |  | 50,422,943 |  |  | 476,521 |  |  | 50,899,464 |  |  | 50,367,913 |  |  | 505,089 |  |  | 50,873,002 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.26 |
Income from discontinued operations |  | 0.01 |  |  | 0.01 |  |  | 0.01 |  |  | 0.06 |  |  | 0.06 |  |  | 0.06 |
Net income |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 0.32 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.06 |  |  | $ | 0.26 |  |  | $ | 0.26 |  |  | $ | 0.26 |
Income from discontinued operations |  | 0.01 |  |  | 0.01 |  |  | 0.01 |  |  | 0.06 |  |  | 0.06 |  |  | 0.06 |
Net income |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.07 |  |  | $ | 0.32 |  |  | $ | 0.32 |  |  | $ | 0.32 |

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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://fasb.org/us-gaap/role/ref/legacyRef -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
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration