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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