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EARNINGS (LOSS) PER COMMON SHARE | 12 Months Ended
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Dec. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER COMMON SHARE | EARNINGS (LOSS) PER COMMON SHARE The following table presents computations of basic and diluted EPS for the periods indicated:
|  | Year Ended December 31,
|  | 2022 |  | 2021 |  | 2020
($ 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 |  | $ | 119,990 |  |  | $ | 949 |  |  |  |  | $ | 61,785 |  |  | $ | 561 |  |  |  |  | $ | 12,454 |  |  | $ | 120 |  |  |
Less: income allocated to participating securities |  | — |  |  | — |  |  |  |  | (113) |  |  | (1) |  |  |  |  | — |  |  | — |  |  |
Less: participating securities dividends |  | — |  |  | — |  |  |  |  | — |  |  | — |  |  |  |  | (372) |  |  | (4) |  |  |
Less: preferred stock dividends |  | (1,409) |  |  | (11) |  |  |  |  | (8,247) |  |  | (75) |  |  |  |  | (13,737) |  |  | (132) |  |  |
Less: impact of preferred stock redemption |  | (3,718) |  |  | (29) |  |  |  |  | (3,317) |  |  | (30) |  |  |  |  | 563 |  |  | 5 |  |  |
Net income (loss) allocated to common stockholders |  | $ | 114,863 |  |  | $ | 909 |  |  |  |  | $ | 50,108 |  |  | $ | 455 |  |  |  |  | $ | (1,092) |  |  | $ | (11) |  |  |
Weighted-average common shares outstanding - basic |  | 60,324,761 |  |  | 477,321 |  |  |  |  | 52,573,659 |  |  | 477,321 |  |  |  |  | 49,704,775 |  |  | 477,321 |  |  |
Add: Dilutive effects of restricted stock units |  | 368,952 |  |  | — |  |  |  |  | 246,556 |  |  | — |  |  |  |  | — |  |  | — |  |  |
Add: Dilutive effects of stock options |  | 4,074 |  |  | — |  |  |  |  | 5,390 |  |  | — |  |  |  |  | — |  |  | — |  |  |
Weighted-average common shares outstanding - diluted |  | 60,697,787 |  |  | 477,321 |  |  |  |  | 52,825,605 |  |  | 477,321 |  |  |  |  | 49,704,775 |  |  | 477,321 |  |  |
Earnings (loss) per common share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | 1.90 |  |  | $ | 1.90 |  |  |  |  | $ | 0.95 |  |  | $ | 0.95 |  |  |  |  | $ | (0.02) |  |  | $ | (0.02) |  |  |
Diluted |  | $ | 1.89 |  |  | $ | 1.90 |  |  |  |  | $ | 0.95 |  |  | $ | 0.95 |  |  |  |  | $ | (0.02) |  |  | $ | (0.02) |  |  |
For the years ended December 31, 2022, 2021, and 2020, there were 10,897, 73,199, and 918,188 restricted stock units that were not considered in computing diluted earnings (loss) per common share, because they were anti-dilutive. There were no anti-dilutive stock options for the years ended December 31, 2022 and 2021. For the year ended December 31, 2020, there were 55,252 stock options that were not considered in computing diluted earnings (loss) per common share, because they were anti-dilutive.

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