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

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30, 2019

 

 

September 30, 2018

 

 

September 30, 2019

 

 

September 30, 2018

 

(Dollars in thousands, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported net income

 

$

(6,631

)

 

$

(663

)

 

$

2,589

 

 

$

17,789

 

Less: Redeemable preferred stock dividends and accretion

 

 

(7,587

)

 

 

(8,295

)

 

 

(23,275

)

 

 

(24,499

)

Less: European non-controlling redeemable equity dividend

 

 

(113

)

 

 

(258

)

 

 

(496

)

 

 

(1,342

)

Basic numerator

 

$

(14,331

)

 

$

(9,216

)

 

$

(21,182

)

 

$

(8,052

)

Basic (loss) earnings per share

 

$

(0.57

)

 

$

(0.37

)

 

$

(0.84

)

 

$

(0.32

)

Weighted average shares outstanding-Basic

 

 

25,127

 

 

 

25,017

 

 

 

25,089

 

 

 

24,985

 

Diluted Earnings Per Share:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reported net income

 

$

(6,631

)

 

$

(663

)

 

$

2,589

 

 

$

17,789

 

Less: Redeemable preferred stock dividends and accretion

 

 

(7,587

)

 

 

(8,295

)

 

 

(23,275

)

 

 

(24,499

)

Less: European non-controlling redeemable equity dividend

 

 

(113

)

 

 

(258

)

 

 

(496

)

 

 

(1,342

)

Diluted numerator

 

$

(14,331

)

 

$

(9,216

)

 

$

(21,182

)

 

$

(8,052

)

Diluted (loss) earnings per share

 

$

(0.57

)

 

$

(0.37

)

 

$

(0.84

)

 

$

(0.32

)

Weighted average shares outstanding-Basic

 

 

25,127

 

 

 

25,017

 

 

 

25,089

 

 

 

24,985

 

Dilutive effect of common share equivalents

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding-Diluted

 

 

25,127

 

 

 

25,017

 

 

 

25,089

 

 

 

24,985