EARNINGS (LOSS) PER COMMON SHARE

12 Months Ended

Dec. 31, 2022

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.