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Earnings Per Share (Tables)
3 Months Ended
Mar. 31, 2022
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

 

 

 

 

Three Months Ended

 

 

 

March 31,

2022

 

 

March 31,

2021

 

(Dollars in thousands, except per share amounts)

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

Net income

 

$

10,070

 

 

$

13,122

 

Less: Redeemable preferred stock dividends and accretion

 

 

(8,910

)

 

 

(8,290

)

Less: European non-controlling redeemable equity dividend

 

 

(11

)

 

 

(13

)

Basic numerator

 

$

1,149

 

 

$

4,819

 

Basic earnings per share

 

$

0.04

 

 

$

0.19

 

Weighted average shares outstanding – Basic

 

 

26,397

 

 

 

25,707

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

Net income

 

$

10,070

 

 

$

13,122

 

Less: Redeemable preferred stock dividends and accretion

 

 

(8,910

)

 

 

(8,290

)

Less: European non-controlling redeemable equity dividend

 

 

(11

)

 

 

(13

)

Diluted numerator

 

$

1,149

 

 

$

4,819

 

Diluted earnings per share

 

$

0.04

 

 

$

0.18

 

Weighted average shares outstanding – Basic

 

 

26,397

 

 

 

25,707

 

Dilutive effect of common share equivalents

 

 

1,017

 

 

 

980

 

Weighted average shares outstanding – Diluted

 

 

27,414

 

 

 

26,687