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Earnings Per Common Share (Tables)
 6 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Calculation of earnings per share
Earnings per common share (“EPS”) were calculated as follows:
 
 
Three Months Ended June 30,
($ in thousands, except per share data)
 
2016
 
2015
Net income
 
$
6,645

 
$
12,451

 
 
 
 
 
Weighted average common shares outstanding - basic (1)
 
25,481

 
21,456

Effect of dilutive stock options and warrants (2)
 
480

 
1,626

Weighted average common shares outstanding – diluted
 
25,961

 
23,082

 
 
 
 
 
EPS:
 
 
 
 
Basic
 
$
0.26

 
$
0.58

Diluted
 
$
0.26

 
$
0.54

 
Six Months Ended June 30,
 
2016
 
2015
($ in thousands, except per share data)
 
 
 
Net income
$
11,186

 
$
23,141

 
 
 
 
Weighted average common shares outstanding - basic (1)
24,877

 
21,418

Effect of dilutive stock options and warrants (2)
524

 
1,616

Weighted average common shares outstanding – diluted
25,401

 
23,034

 
 
 
 
EPS:
 
 
 
Basic
$
0.45

 
$
1.08

Diluted
$
0.44

 
$
1.00


(1) Includes participating securities related to unvested restricted stock awards, net of forfeitures during the period
(2) Effect of dilutive stock options and warrants includes the dilutive effect of additional potential common shares issuable under contracts