Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

8. Earnings Per Share

The amounts used in computing earnings per share and the weighted average number of shares of potentially dilutive securities are as follows:

	Three months ended March 31,
(in thousands, except market price data)	2014	2013
Net income attributable to the Company	$10,621	$11,511
Weighted average number of shares:
Weighted average number of shares used in
calculating basic net income/(loss) per share	31,786	31,496
Effect of dilutive stock-based compensation plans:
Stock options	106	113
Long-term incentive plan	159	173
Weighted average number of shares used in
calculating diluted net income per share	32,051	31,782
Effect of stock-based compensation plans
that were not included in the computation of
diluted earnings per share because
to do so would have been antidilutive	-	-
Average market price of common stock used
for calculation of dilutive shares	$35.68	$26.41
Net income per share:
Basic	$0.33	$0.37
Diluted	$0.33	$0.36

The following table presents the number of shares issued and outstanding:

	Class A	Class B	Less: Treasury	Net shares
	Shares	Shares	Shares	Outstanding
March 31, 2014	37,049,339	3,236,098	(8,463,635)	31,821,802
December 31, 2013	36,996,227	3,236,098	(8,463,635)	31,768,690
March 31, 2013	36,827,227	3,236,098	(8,467,873)	31,595,452