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EARNINGS PER SHARE (Tables)
3 Months Ended
Mar. 31, 2015
EARNINGS PER SHARE  
Earning Per Share and Diluted

 

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands, except per share data)

 

2015

 

2014

 

 

 

 

 

 

 

Net income

 

$

13,788 

 

$

11,984 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

20,859 

 

20,796 

 

Effect of dilutive securities

 

77 

 

97 

 

Average shares outstanding including dilutive securities

 

20,936 

 

20,893 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

Class A Common Stock

 

$

0.66 

 

$

0.58 

 

Class B Common Stock

 

$

0.65 

 

$

0.56 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

Class A Common Stock

 

$

0.66 

 

$

0.58 

 

Class B Common Stock

 

$

0.64 

 

$

0.56 

 

 

Stock Option

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2015

 

2014

 

 

 

 

 

 

 

Antidilutive stock options

 

14,250 

 

15,500 

 

Average antidilutive stock options

 

14,250 

 

15,500