SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE:

12 Months Ended

Dec. 31, 2011

SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE:

SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE:

NOTE 5—SHARE CAPITAL AND CAPITAL IN EXCESS OF PAR VALUE:

	Common Stock					Class B Common Stock					Treasury Stock					Capital in Excess of Par
	Shares		Amount			Shares		Amount			Shares		Amount			Value
	(000’s)					(000’s)					(000’s)
Balance at January 1, 2009	35,658		$	24,762		19,357		$	13,442		(65	)	$	(1,992	)	$	470,927
Issuance of 3% stock dividend	1,064		739			580		403			(2	)	—			31,396
Conversion of Class B common shares to common shares	18		12			(18	)	(12		)	—		—			—
Purchase and retirement of common shares	(938	)	(651		)	—		—			—		—			(20,073		)
Balance at December 31, 2009	35,802		24,862			19,919		13,833			(67	)	(1,992		)	482,250
Issuance of 3% stock dividend	1,070		743			597		414			(2	)	—			45,526
Conversion of Class B common shares to common shares	50		35			(50	)	(35		)	—		—			—
Purchase and retirement of common shares	(865	)	(600		)	—		—			—		—			(22,281		)
Balance at December 31, 2010	36,057		25,040			20,466		14,212			(69	)	(1,992		)	505,495
Issuance of 3% stock dividend	1,077		748			612		426			(2	)	—			45,880
Conversion of Class B common shares to common shares	53		37			(53	)	(37		)	—		—			—
Purchase and retirement of common shares	(708	)	(492		)	—		—			—		—			(17,698		)
Balance at December 31, 2011	36,479		$	25,333		21,025		$	14,601		(71	)	$	(1,992	)	$	533,677

Average shares outstanding and all per share amounts included in the financial statements and notes thereto have been adjusted retroactively to reflect annual three percent stock dividends.

While the Company does not have a formal or publicly announced Company Common Stock purchase program, the Company’s board of directors periodically authorizes a dollar amount for such share purchases.

Based upon this policy, shares were purchased and retired as follows:

Year	Total Number of Shares Purchased (000’s)	Average Price Paid Per Share
2011	708	$	25.64
2010	865	$	26.41
2009	938	$	22.05