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Earnings Per Share
12 Months Ended
Dec. 31, 2012
Earnings Per Share [Abstract]  
Earnings Per Share
EARNINGS PER SHARE

Earnings per share amounts for the Company are presented using two different computations.  Basic earnings per share excludes dilutive effects of certain securities or contracts, such as stock options, and is computed by dividing income available to each class of common stockholders on an as if distributed basis by the weighted-average number of common shares outstanding for the period.  Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock, that then shared in the distributed earnings of each class of common stock. Stock options not included in the weighted-average number of diluted shares, because such shares would have been anti-dilutive, were immaterial.  U.S. GAAP requires a two-class presentation for the Company’s two classes of common stock (Note 6, Transactions with Controlling Stockholder).  Accordingly, the earnings per share for both Class A and Class B are presented.  The following table sets forth the computations of basic and diluted earnings per share.
 
 
Years Ended December 31,
 
2012
 
2011
 
2010
 
Class A
 
Class B
 
Class A
 
Class B
 
Class A
 
Class B
 
(In thousands except per share amounts)
Numerator for Basic and Diluted Earnings Per Share:
 
 
 
 
 
 
 
 
 
 
 
Net income
$
92,558

 
 
 
55,627

 
 
 
72,897

 
 
Dividends – Class A shares
(1,237
)
 
 
 
(1,237
)
 
 
 
(1,234
)
 
 
Dividends – Class B shares
(36
)
 
 
 
(36
)
 
 
 
(36
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Undistributed income
$
91,285

 
 
 
54,354

 
 
 
71,627

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Allocation of net income:
 

 
 
 
 

 
 
 
 

 
 
Dividends
$
1,237

 
36

 
1,237

 
36

 
1,234

 
36

Allocation of undistributed income
88,703

 
2,582

 
52,816

 
1,538

 
69,598

 
2,029

 
 
 
 
 
 
 
 
 
 
 
 
Net income
$
89,940

 
2,618

 
54,053

 
1,574

 
70,832

 
2,065

 
 
 
 
 
 
 
 
 
 
 
 
Denominator:
 

 
 

 
 

 
 

 
 

 
 

Basic earnings per share - weighted-average shares
3,435

 
200

 
3,433

 
200

 
3,427

 
200

Effect of dilutive stock options

 

 
4

 

 
10

 

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share - adjusted weighted-average shares for assumed conversions
3,435

 
200

 
3,437

 
200

 
3,437

 
200

 
 
 
 
 
 
 
 
 
 
 
 
Basic earnings per share
$
26.19

 
13.09

 
15.74

 
7.87

 
20.67

 
10.33

 
 
 
 
 
 
 
 
 
 
 
 
Diluted earnings per share
$
26.19

 
13.09

 
15.73

 
7.87

 
20.61

 
10.33