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Earnings Per Share (Tables)
6 Months Ended
Jun. 30, 2019
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30, 2019

 

 

June 30, 2018

 

 

June 30, 2019

 

 

June 30, 2018

 

(Dollars in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported net income

 

$

7,270

 

 

$

8,135

 

 

$

9,220

 

 

$

18,452

 

Less: Redeemable preferred stock dividends and accretion

 

 

(7,917

)

 

 

(8,135

)

 

 

(15,688

)

 

 

(16,204

)

Less: European non-controlling redeemable equity dividend

 

 

(262

)

 

 

(511

)

 

 

(383

)

 

 

(1,084

)

Basic numerator

 

$

(909

)

 

$

(511

)

 

$

(6,851

)

 

$

1,164

 

Basic (loss) earnings per share

 

$

(0.04

)

 

$

(0.02

)

 

$

(0.27

)

 

$

0.05

 

Weighted average shares outstanding-Basic

 

 

25,106

 

 

 

25,001

 

 

 

25,070

 

 

 

24,969

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported net income

 

$

7,270

 

 

$

8,135

 

 

$

9,220

 

 

$

18,452

 

Less: Redeemable preferred stock dividends and accretion

 

 

(7,917

)

 

 

(8,135

)

 

 

(15,688

)

 

 

(16,204

)

Less: European non-controlling redeemable equity dividend

 

 

(262

)

 

 

(511

)

 

 

(383

)

 

 

(1,084

)

Diluted numerator

 

$

(909

)

 

$

(511

)

 

$

(6,851

)

 

$

1,164

 

Diluted (loss) earnings per share

 

$

(0.04

)

 

$

(0.02

)

 

$

(0.27

)

 

$

0.05

 

Weighted average shares outstanding-Basic

 

 

25,106

 

 

 

25,001

 

 

 

25,070

 

 

 

24,969

 

Dilutive effect of common share equivalents

 

 

 

 

 

 

 

 

 

 

 

39

 

Weighted average shares outstanding-Diluted

 

 

25,106

 

 

 

25,001

 

 

 

25,070

 

 

 

25,008