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Earnings per Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Schedule of computation of basic and diluted earnings per share

The computation of basic and diluted EPS is as follows:

 

                                 
    Three Months Ended June 30,     Six Months Ended June 30,  
    2012     2011     2012     2011  

($ in thousands, except per share amounts)

                               

Net Income

  $ 8,367     $ 3,196     $ 13,817     $ 7,533  

Preferred stockholder dividends

    —         (704     —         (1,408

Allocation of earnings to preferred stockholders

    —         (449     (64     (1,103
   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income Attributable to Common Stockholders

  $ 8,367     $ 2,043     $ 13,753     $ 5,022  
   

 

 

   

 

 

   

 

 

   

 

 

 
         

Shares:

                               

Basic: Weighted-average number of shares outstanding

    7,763       6,238       7,615       6,238  

Plus: Incremental shares from assumed conversion of dilutive instruments

    318       649       408       660  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted: Weighted-average number of shares outstanding

    8,081       6,887       8,023       6,898  
   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per share - basic

  $ 1.08     $ 0.33     $ 1.81     $ 0.81  

Earnings per share - diluted

  $ 1.04     $ 0.30     $ 1.71     $ 0.73