EARNINGS PER SHARE DATA (Tables)

12 Months Ended

Dec. 31, 2013

EARNINGS PER SHARE DATA [Abstract]

Computation of Basic and Diluted Earnings per Share

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):

	December 31,
	2013	2012	2011
Basic:
Weighted average shares outstanding	14,439	14,374	14,301
Net income	$  60,237	$  50,985	$  31,437
Convertible preferred stock dividend	(90)	(90)	(90)
Net income attributable to common shareholders	$  60,147	$  50,895	$  31,347
Per share amount	$    4.17	$    3.54	$    2.19
Diluted:
Weighted average shares outstanding	14,439	14,374	14,301
Assumed conversion of convertible  preferred stock	840	840	840
Total dilutive shares	15,279	15,214	15,141
Net income attributable to  common shareholders	$  60,147	$  50,895	$  31,347
Convertible preferred stock dividend	90	90	90
Net income for diluted  earnings per share	$  60,237	$  50,985	$  31,437
Per share amount	$    3.94	$    3.35	$    2.08