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EARNINGS PER COMMON SHARE (Tables)
 12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Basic and Diluted 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