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EARNINGS PER COMMON SHARE (Tables) | 9 Months Ended
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Sep. 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 nine months ended September 30, 2019:
|  | Three Months Ended September 30, 2019 |  | Nine Months Ended September 30, 2019
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  | Total |  | Common Stock |  | Class B Common Stock |  | Total
(Loss) income from continuing operations |  | $ | (13,999 | ) |  | $ | (133 | ) |  | $ | (14,132 | ) |  | $ | 9,398 |  |  | $ | 89 |  |  | $ | 9,487 |
Less: (loss) income allocated to participating securities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Less: participating securities dividends |  | (93 | ) |  | (1 | ) |  | (94 | ) |  | (386 | ) |  | (4 | ) |  | (390 | )
Less: preferred stock dividends |  | (3,371 | ) |  | (32 | ) |  | (3,403 | ) |  | (11,906 | ) |  | (113 | ) |  | (12,019 | )
Less: preferred stock redemption |  | (5,045 | ) |  | (48 | ) |  | (5,093 | ) |  | (5,045 | ) |  | (48 | ) |  | (5,093 | )
Net loss allocated to common stockholders |  | $ | (22,508 | ) |  | $ | (214 | ) |  | $ | (22,722 | ) |  | $ | (7,939 | ) |  | $ | (76 | ) |  | $ | (8,015 | )
Weighted average common shares outstanding |  | 50,404,906 |  |  | 477,321 |  |  | 50,882,227 |  |  | 50,327,108 |  |  | 477,321 |  |  | 50,804,429 |
Dilutive effects of restricted shares/units |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Dilutive effects of stock options |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Average shares and dilutive common shares |  | 50,404,906 |  |  | 477,321 |  |  | 50,882,227 |  |  | 50,327,108 |  |  | 477,321 |  |  | 50,804,429 |
Basic loss per common share |  | $ | (0.45 | ) |  | $ | (0.45 | ) |  | $ | (0.45 | ) |  | $ | (0.16 | ) |  | $ | (0.16 | ) |  | $ | (0.16 | )
Diluted loss per common share |  | $ | (0.45 | ) |  | $ | (0.45 | ) |  | $ | (0.45 | ) |  | $ | (0.16 | ) |  | $ | (0.16 | ) |  | $ | (0.16 | )
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 |

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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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