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EARNINGS PER COMMON SHARE
 6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
EARNINGS PER COMMON SHARE 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.