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EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2013
EARNINGS PER SHARE  
Earning Per Share and Diluted

 

 

Years Ended December 31, (in thousands, except per share data)

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Net income

 

$

25,423

 

$

119,339

 

$

94,149

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

20,807

 

20,959

 

20,945

 

Effect of dilutive securities

 

97

 

69

 

48

 

Average shares outstanding including dilutive securities

 

20,904

 

21,028

 

20,993

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

Class A Common Stock

 

$

1.23

 

$

5.71

 

$

4.50

 

Class B Common Stock

 

$

1.17

 

$

5.55

 

$

4.45

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

Class A Common Stock

 

$

1.22

 

$

5.69

 

$

4.49

 

Class B Common Stock

 

$

1.16

 

$

5.53

 

$

4.44

 

 

Stock Option

 

 

Years Ended December 31, 

 

2013

 

2012

 

2011

 

 

 

 

 

 

 

 

 

Antidilutive stock options

 

18,000

 

122,450

 

585,720

 

Average antidilutive stock options

 

15,667

 

120,353

 

585,147