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EARNINGS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2015
EARNINGS PER SHARE  
Earning Per Share and Diluted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

(in thousands, except per share data)

    

2015

    

2014

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

5,640

 

$

5,246

 

$

27,748

 

$

23,552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

20,848

 

 

20,797

 

 

20,856

 

 

20,795

 

Effect of dilutive securities

 

 

86

 

 

94

 

 

80

 

 

96

 

Average shares outstanding including dilutive securities

 

 

20,934

 

 

20,891

 

 

20,936

 

 

20,891

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

0.27

 

$

0.25

 

$

1.34

 

$

1.14

 

Class B Common Stock

 

$

0.25

 

$

0.24

 

$

1.22

 

$

1.09

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

0.27

 

$

0.25

 

$

1.34

 

$

1.13

 

Class B Common Stock

 

$

0.25

 

$

0.24

 

$

1.22

 

$

1.08

 

 

Stock Option

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Nine Months Ended

 

 

 

September 30, 

 

September 30, 

 

 

    

2015

    

2014

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

Antidilutive stock options

 

23,000

 

16,000

 

323,100

 

16,000

 

Average antidilutive stock options

 

20,300

 

16,000

 

186,969

 

15,000