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EARNINGS PER SHARE (Tables)
6 Months Ended
Jun. 30, 2017
EARNINGS PER SHARE  
Earnings Per Share and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

(in thousands, except per share data)

    

2017

    

2016

    

2017

    

2016

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

10,071

 

$

8,340

 

$

30,088

 

$

26,075

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

21,151

 

 

20,947

 

 

20,918

 

 

20,956

 

Effect of dilutive securities

 

 

79

 

 

11

 

 

78

 

 

10

 

Average shares outstanding including dilutive securities

 

 

21,230

 

 

20,958

 

 

20,996

 

 

20,966

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

0.48

 

$

0.40

 

$

1.45

 

$

1.26

 

Class B Common Stock

 

 

0.44

 

 

0.37

 

 

1.32

 

 

1.14

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

0.48

 

$

0.40

 

$

1.45

 

$

1.26

 

Class B Common Stock

 

 

0.44

 

 

0.37

 

 

1.32

 

 

1.14

 

 

Stock Option

 

 

 

 

 

 

 

 

 

 

 

    

Three Months Ended

 

Six Months Ended

 

 

 

June 30, 

 

June 30, 

 

 

    

2017

    

2016

    

2017

    

2016

 

 

 

 

 

 

 

 

 

 

 

Antidilutive stock options

 

2,500

 

10,000

 

2,500

 

10,000

 

Average antidilutive stock options

 

1,166

 

7,500

 

584

 

8,150