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Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share

18. Earnings Per Share

The computation of basic and diluted earnings per share is as follows:

 

     Years Ended December 31,  
     2013     2012     2011  
($ in thousands, except per share amounts)                   

Net Income

    $ 77,130      $ 37,773      $ 145,420   

Noncontrolling interests

      (1,940 )      (101 )      —    

Preferred stockholder dividends

      —         —         (9,482 ) 

Allocation of earnings to preferred stockholders

      —         (64 )      (24,260 ) 
  

 

 

    

 

 

    

 

 

  

Net Income Attributable to Common Stockholders

    $ 75,190      $ 37,608      $ 111,678   
  

 

 

    

 

 

    

 

 

  

Shares:

       

Basic: Weighted-average number of shares outstanding

      8,188        7,727        6,211   

Plus: Incremental shares from assumed conversion of dilutive instruments

      245        346        623   
  

 

 

    

 

 

    

 

 

  

Diluted: Weighted-average number of shares outstanding

      8,433        8,073        6,834   
  

 

 

    

 

 

    

 

 

  

Earnings per share—basic

    $ 9.18      $ 4.87      $ 17.98   

Earnings per share—diluted

    $ 8.92      $ 4.66      $ 16.34   

 

For the years ended December 31, 2013, 2012 and 2011, there were no instruments excluded from the above computation of weighted-average shares for diluted EPS because the effect would be anti-dilutive.