STOCK COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2016

STOCK COMPENSATION PLANS [Abstract]

Changes in Share of Class A Stock

The following summary reflects changes in the shares of Class A Stock under option:

	2016 Shares			2016 Weighted Average Exercise Price		2015 Shares			2015 Weighted Average Exercise Price		2014 Shares			2014 Weighted Average Exercise Price
Plan options
Outstanding at beginning of year		270,000		$	19.34		376,250		$	19.52		387,000		$	18.96
Granted		—			—		-			-		33,750			21.86
Exercised		(38,245	)		19.50		(106,250	)		19.97		(44,500	)		16.45
Expired		—			—		—			—		—			—
Outstanding at end of year		231,755		$	19.32		270,000		$	19.34		376,250		$	19.52
Options exercisable at year end		231,755		$	19.32		270,000		$	19.34		342,500		$	19.29

Employee and Director Stock Options

The following tables summarize information about employee and director stock options outstanding at December 31, 2016:

Options Outstanding
Range of Exercise Price			Shares Outstanding at December 31, 2016		Weighted Average Remaining Life	Weighted Average Exercise Price			Aggregate Intrinsic Value
	$	15.26 - $19.04		123,755	3.28 Years		$	17.77		$	1,753,268
	$	19.05 - $22.66		108,000	5.67 Years		$	21.09		$	1,171,678
Options Exercisable
Range of Exercise Price			Shares Exercisable at December 31, 2016		Weighted Average Remaining Life	Weighted Average Exercise Price			Aggregate Intrinsic Value
	$	15.26 - $19.04		123,755	3.28 Years		$	17.77		$	1,753,268
	$	19.05 - $22.66		108,000	5.67 Years		$	21.09		$	1,171,678