(LOSS) EARNINGS PER COMMON SHARE

12 Months Ended

Dec. 31, 2020

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.