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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2019
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
The following table presents computations of basic and diluted earnings per common share for the three months ended March 31, 2019 and 2018:
 
 
Three Months Ended March 31, 2019
 
Three Months Ended March 31, 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
 
$
6,971

 
$
66

 
$
7,037

 
$
7,003

 
$
71

 
$
7,074

Less: participating securities dividends
 
(200
)
 
(2
)
 
(202
)
 
(201
)
 
(2
)
 
(203
)
Less: preferred stock dividends
 
(4,267
)
 
(41
)
 
(4,308
)
 
(5,062
)
 
(51
)
 
(5,113
)
Income from continuing operations allocated to common stockholders
 
2,504

 
23

 
2,527

 
1,740

 
18

 
1,758

Income from discontinued operations
 

 

 

 
1,469

 
15

 
1,484

Net income allocated to common stockholders
 
$
2,504

 
$
23

 
$
2,527

 
$
3,209

 
$
33

 
$
3,242

Weighted average common shares outstanding
 
50,199,401

 
477,321

 
50,676,722

 
50,082,438

 
508,107

 
50,590,545

Dilutive effects of stock units
 
160,299

 

 
160,299

 
135,649

 

 
135,649

Dilutive effects of stock options
 
9,700

 

 
9,700

 
47,701

 

 
47,701

Dilutive effects of warrants
 

 

 

 
151,635

 

 
151,635

Average shares and dilutive common shares
 
50,369,400

 
477,321

 
50,846,721

 
50,417,423

 
508,107

 
50,925,530

Basic earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.03

 
$
0.03

 
$
0.03

Income from discontinued operations
 

 

 

 
0.03

 
0.03

 
0.03

Net income
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.06

 
$
0.06

 
$
0.06

Diluted earnings per common share
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.03

 
$
0.03

 
$
0.03

Income from discontinued operations
 

 

 

 
0.03

 
0.03

 
0.03

Net income
 
$
0.05

 
$
0.05

 
$
0.05

 
$
0.06

 
$
0.06

 
$
0.06