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Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2012
Earning Per Share and Diluted
A reconciliation of the combined Class A and Class B Common Stock numerators and denominators of the earnings per share and diluted earnings per share computations is presented below:
 
Years Ended December 31, (in thousands, except per share data)
 
2012
   
2011
   
2010
 
                   
Net income
  $ 119,339     $ 94,149     $ 64,753  
                         
Weighted average shares outstanding
    20,959       20,945       20,877  
Effect of dilutive securities
    69       48       83  
Average shares outstanding including
                       
     dilutive securities
    21,028       20,993       20,960  
                         
Basic earnings per share:
                       
      Class A Common Stock
  $ 5.71     $ 4.50     $ 3.11  
      Class B Common Stock
  $ 5.55     $ 4.45     $ 3.06  
                         
Diluted earnings per share:
                       
      Class A Common Stock
  $ 5.69     $ 4.49     $ 3.10  
      Class B Common Stock
  $ 5.53     $ 4.44     $ 3.04  
Stock Option
Stock options excluded from the detailed earnings per share calculation because their impact was antidilutive are as follows:
 
Years Ended December 31,
 
2012
   
2011
   
2010
 
                   
Antidilutive stock options
    122,450       585,720       623,140  
Average antidilutive stock options
    120,353       585,147       621,699