XML 206 R31.htm IDEA: XBRL DOCUMENT
v3.19.3.a.u2

EARNINGS PER COMMON SHARE | 12 Months Ended
--- | ---
Dec. 31, 2019
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,
|  | 2019 |  | 2018 |  | 2017
($ 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 |  | $ | 23,535 |  |  | $ | 224 |  |  | $ | 23,759 |  |  | $ | 41,732 |  |  | $ | 415 |  |  | $ | 42,147 |  |  | $ | 53,136 |  |  | $ | 338 |  |  | $ | 53,474 |
Less: income allocated to participating securities |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (309 | ) |  | (2 | ) |  | (311 | )
Less: participating securities dividends |  | (478 | ) |  | (5 | ) |  | (483 | ) |  | (803 | ) |  | (8 | ) |  | (811 | ) |  | (806 | ) |  | (5 | ) |  | (811 | )
Less: preferred stock dividends |  | (15,412 | ) |  | (147 | ) |  | (15,559 | ) |  | (19,312 | ) |  | (192 | ) |  | (19,504 | ) |  | (20,322 | ) |  | (129 | ) |  | (20,451 | )
Less: impact of preferred stock redemption |  | (5,045 | ) |  | (48 | ) |  | (5,093 | ) |  | (2,284 | ) |  | (23 | ) |  | (2,307 | ) |  | — |  |  | — |  |  | — |
Income from continuing operations allocated to common stockholders |  | 2,600 |  |  | 24 |  |  | 2,624 |  |  | 19,333 |  |  | 192 |  |  | 19,525 |  |  | 31,699 |  |  | 202 |  |  | 31,901 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 3,292 |  |  | 33 |  |  | 3,325 |  |  | 4,208 |  |  | 27 |  |  | 4,235 |
Net income allocated to common stockholders |  | $ | 2,600 |  |  | $ | 24 |  |  | $ | 2,624 |  |  | $ | 22,625 |  |  | $ | 225 |  |  | $ | 22,850 |  |  | $ | 35,907 |  |  | $ | 229 |  |  | $ | 36,136 |
Weighted-average common shares outstanding |  | 50,144,464 |  |  | 477,321 |  |  | 50,621,785 |  |  | 50,125,132 |  |  | 498,090 |  |  | 50,623,222 |  |  | 49,936,627 |  |  | 317,968 |  |  | 50,254,595 |
Add: Dilutive effects of restricted stock units |  | 97,842 |  |  | — |  |  | 97,842 |  |  | 135,644 |  |  | — |  |  | 135,644 |  |  | 72,655 |  |  | — |  |  | 72,655 |
Add: Dilutive effects of stock options |  | 5,324 |  |  | — |  |  | 5,324 |  |  | 39,036 |  |  | — |  |  | 39,036 |  |  | 159,734 |  |  | — |  |  | 159,734 |
Add: Dilutive effects of warrants |  | — |  |  | — |  |  | — |  |  | 53,692 |  |  | — |  |  | 53,692 |  |  | 332,806 |  |  | — |  |  | 332,806 |
Average shares and dilutive common shares |  | 50,247,630 |  |  | 477,321 |  |  | 50,724,951 |  |  | 50,353,504 |  |  | 498,090 |  |  | 50,851,594 |  |  | 50,501,822 |  |  | 317,968 |  |  | 50,819,790 |
Basic earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 0.64 |  |  | $ | 0.64 |  |  | $ | 0.64 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 0.07 |  |  | 0.07 |  |  | 0.07 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
Net income |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  | $ | 0.72 |  |  | $ | 0.72 |  |  | $ | 0.72 |
Diluted earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  | $ | 0.63 |  |  | $ | 0.64 |  |  | $ | 0.63 |
Income from discontinued operations |  | — |  |  | — |  |  | — |  |  | 0.07 |  |  | 0.07 |  |  | 0.07 |  |  | 0.08 |  |  | 0.08 |  |  | 0.08 |
Net income |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  | $ | 0.71 |  |  | $ | 0.72 |  |  | $ | 0.71 |
For the years ended December 31, 2019, 2018, and 2017, there were 710,082, 0, and 145,349 restricted stock units, respectively, and 16,165, 267,834 and 59,178 stock options, respectively, that were not considered in computing diluted earnings per common share, because they were anti-dilutive.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration