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EARNINGS PER COMMON SHARE (Tables) | 6 Months Ended
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Jun. 30, 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 and six months ended June 30, 2019:
|  | Three Months Ended June 30, 2019 |  | Six Months Ended June 30, 2019
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
Income from continuing operations |  | $ | 16,426 |  |  | $ | 156 |  |  | $ | 16,582 |  |  | $ | 23,397 |  |  | $ | 222 |  |  | $ | 23,619 |
Less: income allocated to participating securities |  | (268 | ) |  | (3 | ) |  | (271 | ) |  | (152 | ) |  | (1 | ) |  | (153 | )
Less: participating securities dividends |  | (93 | ) |  | (1 | ) |  | (94 | ) |  | (292 | ) |  | (3 | ) |  | (295 | )
Less: preferred stock dividends |  | (4,268 | ) |  | (40 | ) |  | (4,308 | ) |  | (8,535 | ) |  | (81 | ) |  | (8,616 | )
Income from continuing operations allocated to common stockholders |  | 11,797 |  |  | 112 |  |  | 11,909 |  |  | 14,418 |  |  | 137 |  |  | 14,555 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income allocated to common stockholders |  | $ | 11,797 |  |  | $ | 112 |  |  | $ | 11,909 |  |  | $ | 14,418 |  |  | $ | 137 |  |  | $ | 14,555 |
Weighted average common shares outstanding |  | 50,379,816 |  |  | 477,321 |  |  | 50,857,137 |  |  | 50,290,107 |  |  | 477,321 |  |  | 50,767,428 |
Dilutive effects of stock units |  | 103,677 |  |  | — |  |  | 103,677 |  |  | 119,967 |  |  | — |  |  | 119,967 |
Dilutive effects of stock options |  | 4,142 |  |  | — |  |  | 4,142 |  |  | 7,795 |  |  | — |  |  | 7,795 |
Dilutive effects of warrants |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Average shares and dilutive common shares |  | 50,487,635 |  |  | 477,321 |  |  | 50,964,956 |  |  | 50,417,869 |  |  | 477,321 |  |  | 50,895,190 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.29 |  |  | $ | 0.29 |  |  | $ | 0.29 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.29 |  |  | $ | 0.29 |  |  | $ | 0.29 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.29 |  |  | $ | 0.29 |  |  | $ | 0.29 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net income |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.23 |  |  | $ | 0.29 |  |  | $ | 0.29 |  |  | $ | 0.29 |
For the three and six months ended June 30, 2019, there were 517,833 and 484,163, respectively, of stock units and 58,859 and 33,013, respectively, of stock options that were not considered in computing diluted earnings per common share, because they were anti-dilutive. The following table presents computations of basic and diluted EPS for the three and six months ended June 30, 2018:
|  | Three Months Ended June 30, 2018 |  | Six Months Ended June 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 |  | $ | 13,709 |  |  | $ | 145 |  |  | $ | 13,854 |  |  | $ | 20,713 |  |  | $ | 215 |  |  | $ | 20,928 |
Less: income allocated to participating securities |  | (85 | ) |  | (1 | ) |  | (86 | ) |  | — |  |  | — |  |  | — |
Less: participating securities dividends |  | (201 | ) |  | (2 | ) |  | (203 | ) |  | (402 | ) |  | (4 | ) |  | (406 | )
Less: preferred stock dividends |  | (5,059 | ) |  | (54 | ) |  | (5,113 | ) |  | (10,121 | ) |  | (105 | ) |  | (10,226 | )
Income from continuing operations allocated to common stockholders |  | 8,364 |  |  | 88 |  |  | 8,452 |  |  | 10,190 |  |  | 106 |  |  | 10,296 |
Income from discontinued operations |  | 916 |  |  | 10 |  |  | 926 |  |  | 2,385 |  |  | 25 |  |  | 2,410 |
Net income allocated to common stockholders |  | $ | 9,280 |  |  | $ | 98 |  |  | $ | 9,378 |  |  | $ | 12,575 |  |  | $ | 131 |  |  | $ | 12,706 |
Weighted average common shares outstanding |  | 50,062,442 |  |  | 530,987 |  |  | 50,593,429 |  |  | 50,072,385 |  |  | 519,610 |  |  | 50,591,995 |
Dilutive effects of stock units |  | 211,380 |  |  | — |  |  | 211,380 |  |  | 153,029 |  |  | — |  |  | 153,029 |
Dilutive effects of stock options |  | 40,561 |  |  | — |  |  | 40,561 |  |  | 44,082 |  |  | — |  |  | 44,082 |
Dilutive effects of warrants |  | 73,721 |  |  | — |  |  | 73,721 |  |  | 111,781 |  |  | — |  |  | 111,781 |
Average shares and dilutive common shares |  | 50,388,104 |  |  | 530,987 |  |  | 50,919,091 |  |  | 50,381,277 |  |  | 519,610 |  |  | 50,900,887 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.17 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Income from discontinued operations |  | 0.02 |  |  | 0.02 |  |  | 0.02 |  |  | 0.05 |  |  | 0.05 |  |  | 0.05 |
Net income |  | $ | 0.19 |  |  | $ | 0.19 |  |  | $ | 0.19 |  |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.25 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.16 |  |  | $ | 0.17 |  |  | $ | 0.16 |  |  | $ | 0.20 |  |  | $ | 0.20 |  |  | $ | 0.20 |
Income from discontinued operations |  | 0.02 |  |  | 0.02 |  |  | 0.02 |  |  | 0.05 |  |  | 0.05 |  |  | 0.05 |
Net income |  | $ | 0.18 |  |  | $ | 0.19 |  |  | $ | 0.18 |  |  | $ | 0.25 |  |  | $ | 0.25 |  |  | $ | 0.25 |
For the three and six months ended June 30, 2018, there were 38,836 and 222,431, respectively, of stock units and 0 and 0, respectively of stock options that were not considered in computing diluted earnings per common share, because they were anti-dilutive.

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- 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
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