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EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
Basic and Diluted Earnings Per Common Share | The following table presents computations of basic and diluted earnings (loss) per common share ("EPS") for the three months ended March 31, 2022:
|  | Three Months Ended March 31, 2022 |  |
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  |  |  |  |  |
Net income |  | $ | 48,142 |  |  | $ | 370 |  |  |  |  |  |  |  |  |
Less: preferred stock dividends |  | (1,409) |  |  | (11) |  |  |  |  |  |  |  |  |
Less: preferred stock redemption |  | (3,718) |  |  | (29) |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders |  | $ | 43,015 |  |  | $ | 330 |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 62,129,129 |  |  | 477,321 |  |  |  |  |  |  |  |  |
Dilutive effects of restricted shares/units |  | 294,432 |  |  | — |  |  |  |  |  |  |  |  |
Dilutive effects of stock options |  | 5,121 |  |  | — |  |  |  |  |  |  |  |  |
Average shares and dilutive common shares |  | 62,428,682 |  |  | 477,321 |  |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 0.69 |  |  | $ | 0.69 |  |  |  |  |  |  |  |  |
Diluted earnings per common share |  | $ | 0.69 |  |  | $ | 0.69 |  |  |  |  |  |  |  |  |
The following table presents computations of basic and diluted EPS for the three months ended March 31, 2021:
|  | Three Months Ended March 31, 2021 |  |
($ in thousands except per share data) |  | Common Stock |  | Class B Common Stock |  |  |  |  |  |  |  |
Net income |  | $ | 14,239 |  |  | $ | 136 |  |  |  |  |  |  |  |  |
Less: income allocated to participating securities |  | (61) |  |  | (1) |  |  |  |  |  |  |  |  |
Less: preferred stock dividends |  | (3,111) |  |  | (30) |  |  |  |  |  |  |  |  |
Less: preferred stock redemption |  | (3,316) |  |  | (31) |  |  |  |  |  |  |  |  |
Net income allocated to common stockholders |  | $ | 7,751 |  |  | $ | 74 |  |  |  |  |  |  |  |  |
Weighted average common shares outstanding |  | 49,873,576 |  |  | 477,321 |  |  |  |  |  |  |  |  |
Dilutive effects of stock units |  | 391,206 |  |  | — |  |  |  |  |  |  |  |  |
Dilutive effects of stock options |  | 8,419 |  |  | — |  |  |  |  |  |  |  |  |
Average shares and dilutive common shares |  | 50,273,201 |  |  | 477,321 |  |  |  |  |  |  |  |  |
Basic earnings per common share |  | $ | 0.16 |  |  | $ | 0.16 |  |  |  |  |  |  |  |  |
Diluted earnings per common share |  | $ | 0.15 |  |  | $ | 0.15 |  |  |  |  |  |  |  |  |

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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://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257 + Details
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