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EARNINGS PER COMMON SHARE (Tables)
3 Months Ended
Mar. 31, 2017
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Common Share
The following table presents computations of basic and diluted EPS for the three months ended March 31, 2016:
 
Three Months Ended
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
Income from continuing operations
$
17,284

 
$
22

 
$
17,306

Less: income allocated to participating securities
(360
)
 

 
(360
)
Less: participating securities dividends
(186
)
 

 
(186
)
Less: preferred stock dividends
(4,569
)
 
(6
)
 
(4,575
)
Income from continuing operations allocated to common stockholders
12,169

 
16

 
12,185

Income from discontinued operations
2,378

 
3

 
2,381

Net income allocated to common stockholders
$
14,547

 
$
19

 
$
14,566

Weighted average common shares outstanding
39,946,412

 
50,340

 
39,996,752

Add: Dilutive effects of restricted stock units
138,644

 

 
138,644

Add: Dilutive effects of stock options
137,195

 

 
137,195

Add: Dilutive effects of warrants
479,025

 

 
479,025

Average shares and dilutive common shares
40,701,276

 
50,340

 
40,751,616

Basic earnings per common share
 
 
 
 
 
Income from continuing operations
$
0.30

 
$
0.30

 
$
0.30

Income from discontinued operations
0.06

 
0.06

 
0.06

Net income
$
0.36

 
$
0.36

 
$
0.36

Diluted earnings per common share
 
 
 
 
 
Income from continuing operations
$
0.30

 
$
0.30

 
$
0.30

Income from discontinued operations
0.06

 
0.06

 
0.06

Net income
$
0.36

 
$
0.36

 
$
0.36

The following table presents computations of basic and diluted EPS for the three months ended March 31, 2017:
 
Three Months Ended
 
Common
Stock
 
Class B
Common
Stock
 
Total
 
($ in thousands, except per share data)
Income from continuing operations
$
9,338

 
$
38

 
$
9,376

Less: income allocated to participating securities
(162
)
 
(1
)
 
(163
)
Less: participating securities dividends
(202
)
 
(1
)
 
(203
)
Less: preferred stock dividends
(5,092
)
 
(21
)
 
(5,113
)
Income from continuing operations allocated to common stockholders
3,882

 
15

 
3,897

Income from discontinued operations
7,793

 
32

 
7,825

Net income allocated to common stockholders
$
11,675

 
$
47

 
$
11,722

Weighted average common shares outstanding
49,788,421

 
202,765

 
49,991,186

Add: Dilutive effects of restricted stock units
209,395

 

 
209,395

Add: Dilutive effects of stock options
207,506

 

 
207,506

Add: Dilutive effects of warrants
346,058

 

 
346,058

Average shares and dilutive common shares
50,551,380

 
202,765

 
50,754,145

Basic earnings per common share
 
 
 
 
 
Income from continuing operations
$
0.08

 
$
0.08

 
$
0.08

Income from discontinued operations
0.15

 
0.15

 
0.15

Net income
$
0.23

 
$
0.23

 
$
0.23

Diluted earnings per common share
 
 
 
 
 
Income from continuing operations
$
0.08

 
$
0.08

 
$
0.08

Income from discontinued operations
0.15

 
0.15

 
0.15

Net income
$
0.23

 
$
0.23

 
$
0.23