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(LOSS) EARNINGS PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2020
Earnings Per Share [Abstract] |
(LOSS) 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,
|  | 2020 |  | 2019 |  | 2018
($ in thousands, except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |  |  | Common Stock |  | Class B Common Stock |  |
Income from continuing operations |  | $ | 12,454 |  |  | $ | 120 |  |  |  |  | $ | 23,535 |  |  | $ | 224 |  |  |  |  | $ | 41,732 |  |  | $ | 415 |  |  |
Less: income allocated to participating securities |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |
Less: participating securities dividends |  | (372) |  |  | (4) |  |  |  |  | (478) |  |  | (5) |  |  |  |  | (803) |  |  | (8) |  |  |
Less: preferred stock dividends |  | (13,737) |  |  | (132) |  |  |  |  | (15,412) |  |  | (147) |  |  |  |  | (19,312) |  |  | (192) |  |  |
Less: impact of preferred stock redemption |  | 563 |  |  | 5 |  |  |  |  | (5,045) |  |  | (48) |  |  |  |  | (2,284) |  |  | (23) |  |  |
(Loss) income from continuing operations allocated to common stockholders |  | (1,092) |  |  | (11) |  |  |  |  | 2,600 |  |  | 24 |  |  |  |  | 19,333 |  |  | 192 |  |  |
Income from discontinued operations |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 3,292 |  |  | 33 |  |  |
Net (loss) income allocated to common stockholders |  | $ | (1,092) |  |  | $ | (11) |  |  |  |  | $ | 2,600 |  |  | $ | 24 |  |  |  |  | $ | 22,625 |  |  | $ | 225 |  |  |
Weighted-average common shares outstanding |  | 49,704,775 |  |  | 477,321 |  |  |  |  | 50,144,464 |  |  | 477,321 |  |  |  |  | 50,125,132 |  |  | 498,090 |  |  |
Add: Dilutive effects of restricted stock units |  | — |  |  | — |  |  |  |  | 97,842 |  |  | — |  |  |  |  | 135,644 |  |  | — |  |  |
Add: Dilutive effects of stock options |  | — |  |  | — |  |  |  |  | 5,324 |  |  | — |  |  |  |  | 39,036 |  |  | — |  |  |
Add: Dilutive effects of warrants |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 53,692 |  |  | — |  |  |
Average shares and dilutive common shares |  | 49,704,775 |  |  | 477,321 |  |  |  |  | 50,247,630 |  |  | 477,321 |  |  |  |  | 50,353,504 |  |  | 498,090 |  |  |
Basic (loss) earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (0.02) |  |  | $ | (0.02) |  |  |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  |
Income from discontinued operations |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 0.07 |  |  | 0.07 |  |  |
Net (loss) income |  | $ | (0.02) |  |  | $ | (0.02) |  |  |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  |
Diluted (loss) earnings per common share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(Loss) income from continuing operations |  | $ | (0.02) |  |  | $ | (0.02) |  |  |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  |  |  | $ | 0.38 |  |  | $ | 0.38 |  |  |
Income from discontinued operations |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | 0.07 |  |  | 0.07 |  |  |
Net (loss) income |  | $ | (0.02) |  |  | $ | (0.02) |  |  |  |  | $ | 0.05 |  |  | $ | 0.05 |  |  |  |  | $ | 0.45 |  |  | $ | 0.45 |  |  |
For the years ended December 31, 2020, 2019, and 2018, there were 918,188, 710,082, and zero restricted stock units and 55,252, 16,165 and 267,834 stock options that were not considered in computing diluted (loss) earnings per common share, because they were anti-dilutive.

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