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EARNINGS PER COMMON SHARE (Tables)
9 Months Ended
Sep. 30, 2016
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
Computations of basic and diluted EPS are provided below.
 
Three Months Ended
 
Nine Months Ended
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
September 30, 2016
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
35,820

 
$
117

 
$
35,937

 
$
81,963

 
$
189

 
$
82,152

Less: income allocated to participating securities
(732
)
 
(2
)
 
(734
)
 
(1,608
)
 
(4
)
 
(1,612
)
Less: participating securities dividends
(185
)
 
(1
)
 
(186
)
 
(557
)
 
(1
)
 
(558
)
Less: preferred stock dividends
(5,095
)
 
(17
)
 
(5,112
)
 
(14,767
)
 
(34
)
 
(14,801
)
Net income allocated to common stockholders
$
29,808

 
$
97

 
$
29,905

 
$
65,031

 
$
150

 
$
65,181

Weighted average common shares outstanding
49,745,563

 
162,277

 
49,907,840

 
45,655,735

 
105,067

 
45,760,802

Basic earnings per common share:
$
0.60

 
$
0.60

 
$
0.60

 
$
1.42

 
$
1.42

 
$
1.42

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common stockholders
$
29,808

 
$
97

 
$
29,905

 
$
65,031

 
$
150

 
$
65,181

Additional income allocation for class B dilutive shares
(315
)
 
315

 

 
(672
)
 
672

 

Adjusted net income allocated to common stockholders
$
29,493

 
$
412

 
$
29,905

 
$
64,359

 
$
822

 
$
65,181

Weighted average common shares outstanding
49,745,563

 
162,277

 
49,907,840

 
45,655,735

 
105,067

 
45,760,802

Add: Dilutive effects of restricted stock units
244,354

 

 
244,354

 
213,636

 

 
213,636

Add: Dilutive effects of purchase contracts

 

 

 

 

 

Add: Dilutive effects of stock options
319,275

 

 
319,275

 
233,045

 

 
233,045

Add: Dilutive effects of warrants

 
525,000

 
525,000

 

 
473,834

 
473,834

Average shares and dilutive common shares
50,309,192

 
687,277

 
50,996,469

 
46,102,416

 
578,901

 
46,681,317

Diluted earnings per common share
$
0.59

 
$
0.60

 
$
0.59

 
$
1.40

 
$
1.42

 
$
1.40

September 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Basic:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
14,536

 
$

 
$
14,536

 
$
43,018

 
$
16

 
$
43,034

Less: income allocated to participating securities
(260
)
 

 
(260
)
 
(872
)
 

 
(872
)
Less: participating securities dividends
(182
)
 

 
(182
)
 
(528
)
 

 
(528
)
Less: preferred stock dividends
(3,040
)
 

 
(3,040
)
 
(6,790
)
 
(3
)
 
(6,793
)
Net income allocated to common stockholders
$
11,054

 
$

 
$
11,054

 
$
34,828

 
$
13

 
$
34,841

Weighted average common shares outstanding
38,122,150

 

 
38,122,150

 
36,762,753

 
13,922

 
36,776,675

Basic earnings per common share
$
0.29

 
$
0.29

 
$
0.29

 
$
0.95

 
$
0.95

 
$
0.95

Diluted:
 
 
 
 
 
 
 
 
 
 
 
Net income allocated to common stockholders
$
11,054

 
$

 
$
11,054

 
$
34,828

 
$
13

 
$
34,841

Additional income allocation for class B dilutive shares
(119
)
 
119

 

 
$
(355
)
 
$
355

 
$

Adjusted net income allocated to common stockholders
$
10,935

 
$
119

 
$
11,054

 
$
34,473

 
$
368

 
$
34,841

Weighted average common shares outstanding
38,122,150

 

 
38,122,150

 
36,762,753

 
13,922

 
36,776,675

Add: Dilutive effects of restricted stock units
133,216

 

 
133,216

 
141,105

 

 
141,105

Add: Dilutive effects of purchase contracts

 

 

 

 

 

Add: Dilutive effects of stock options
32,117

 

 
32,117

 
17,499

 

 
17,499

Add: Dilutive effects of warrants

 
409,011

 
409,011

 

 
373,883

 
373,883

Average shares and dilutive common shares
38,287,483

 
409,011

 
38,696,494

 
36,921,357

 
387,805

 
37,309,162

Diluted earnings per common share
$
0.29

 
$
0.29

 
$
0.29

 
$
0.93

 
$
0.95

 
$
0.93