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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2013
EARNINGS PER SHARE  
Earning Per Share and Diluted

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

(in thousands, except per share data)

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

6,119

 

$

9,578

 

$

19,475

 

$

92,050

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

20,782

 

20,958

 

20,823

 

20,957

 

Effect of dilutive securities

 

76

 

59

 

72

 

77

 

Average shares outstanding including dilutive securities

 

20,858

 

21,017

 

20,895

 

21,034

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

Class A Common Share

 

$

0.30

 

$

0.46

 

$

0.94

 

$

4.40

 

Class B Common Share

 

0.28

 

0.44

 

0.91

 

4.37

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

Class A Common Share

 

$

0.30

 

$

0.46

 

$

0.94

 

$

4.38

 

Class B Common Share

 

0.28

 

0.44

 

0.90

 

4.35

 

 

Stock Option

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

 

 

 

 

 

 

 

 

 

 

Antidilutive stock options

 

122,450

 

232,550

 

128,450

 

220,550