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EARNINGS PER COMMON SHARE
 12 Months Ended
Dec. 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 periods indicated:
 
 
Year Ended December 31,
 
 
2018
 
2017
 
2016
($ 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
 
$
41,732

 
$
415

 
$
42,147

 
$
53,136

 
$
338

 
$
53,474

 
$
86,500

 
$
240

 
$
86,740

Less: income allocated to participating securities
 
—

 
—

 
—

 
(309
)
 
(2
)
 
(311
)
 
(2,268
)
 
(6
)
 
(2,274
)
Less: participating securities dividends
 
(803
)
 
(8
)
 
(811
)
 
(806
)
 
(5
)
 
(811
)
 
(757
)
 
(2
)
 
(759
)
Less: preferred stock dividends
 
(19,312
)
 
(192
)
 
(19,504
)
 
(20,322
)
 
(129
)
 
(20,451
)
 
(19,859
)
 
(55
)
 
(19,914
)
Less: impact of preferred stock redemption
 
(2,284
)
 
(23
)
 
(2,307
)
 
—

 
—

 
—

 
—

 
—

 
—

Income from continuing operations allocated to common stockholders
 
19,333

 
192

 
19,525

 
31,699

 
202

 
31,901

 
63,616

 
177

 
63,793

Income from discontinued operations
 
3,292

 
33

 
3,325

 
4,208

 
27

 
4,235

 
28,597

 
79

 
28,676

Net income allocated to common stockholders
 
$
22,625

 
$
225

 
$
22,850

 
$
35,907

 
$
229

 
$
36,136

 
$
92,213

 
$
256

 
$
92,469

Weighted-average common shares outstanding
 
50,125,132

 
498,090

 
50,623,222

 
49,936,627

 
317,968

 
50,254,595

 
46,699,050

 
129,413

 
46,828,463

Add: Dilutive effects of restricted stock units
 
135,644

 
—

 
135,644

 
72,655

 
—

 
72,655

 
218,121

 
—

 
218,121

Add: Dilutive effects of stock options
 
39,036

 
—

 
39,036

 
159,734

 
—

 
159,734

 
197,435

 
—

 
197,435

Add: Dilutive effects of warrants
 
53,692

 
—

 
53,692

 
332,806

 
—

 
332,806

 
394,086

 
—

 
394,086

Average shares and dilutive common shares
 
50,353,504

 
498,090

 
50,851,594

 
50,501,822

 
317,968

 
50,819,790

 
47,508,692

 
129,413

 
47,638,105

Basic earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.38

 
$
0.38

 
$
0.38

 
$
0.64

 
$
0.64

 
$
0.64

 
$
1.36

 
$
1.36

 
$
1.36

Income from discontinued operations
 
0.07

 
0.07

 
0.07

 
0.08

 
0.08

 
0.08

 
0.61

 
0.61

 
0.61

Net income
 
$
0.45

 
$
0.45

 
$
0.45

 
$
0.72

 
$
0.72

 
$
0.72

 
$
1.97

 
$
1.97

 
$
1.97

Diluted earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.38

 
$
0.38

 
$
0.38

 
$
0.63

 
$
0.64

 
$
0.63

 
$
1.34

 
$
1.36

 
$
1.34

Income from discontinued operations
 
0.07

 
0.07

 
0.07

 
0.08

 
0.08

 
0.08

 
0.60

 
0.61

 
0.60

Net income
 
$
0.45

 
$
0.45

 
$
0.45

 
$
0.71

 
$
0.72

 
$
0.71

 
$
1.94

 
$
1.97

 
$
1.94


For the years ended December 31, 2018, 2017, and 2016, there were 0, 145,349, and 0 restricted stock units, respectively, and 267,834, 59,178 and 272,878 stock options, respectively, that were not considered in computing diluted earnings per common share, because they were anti-dilutive.