| Schedule of Earnings Per Share |
The following table sets forth the computations of basic and diluted earnings per share. | | | | | | | | | | | | | | | | | | | | | Years Ended December 31, | | 2016 | | 2015 | | 2014 | | Class A | | Class B | | Class A | | Class B | | Class A | | Class B | | (In thousands except per share amounts) | Numerator for Basic and Diluted Earnings Per Share: | | | | | | | | | | | | Net income | $ | 100,892 |
| | | | 98,396 |
| | | | 105,588 |
| | | Dividends – Class A shares | (1,237 | ) | | | | (1,237 | ) | | | | (1,237 | ) | | | Dividends – Class B shares | (36 | ) | | | | (36 | ) | | | | (36 | ) | | | | | | | | | | | | | | | Undistributed income | $ | 99,619 |
| | | | 97,123 |
| | | | 104,315 |
| | | | | | | | | | | | | | | Allocation of net income: | |
| | | | |
| | | | |
| | | Dividends | $ | 1,237 |
| | 36 |
| | 1,237 |
| | 36 |
| | 1,237 |
| | 36 |
| Allocation of undistributed income | 96,802 |
| | 2,817 |
| | 94,376 |
| | 2,747 |
| | 101,365 |
| | 2,950 |
| | | | | | | | | | | | | Net income | $ | 98,039 |
| | 2,853 |
| | 95,613 |
| | 2,783 |
| | 102,602 |
| | 2,986 |
| | | | | | | | | | | | | Denominator: | |
| | |
| | |
| | |
| | |
| | |
| Basic earnings per share - weighted-average shares | 3,436 |
| | 200 |
| | 3,436 |
| | 200 |
| | 3,436 |
| | 200 |
| Effect of dilutive stock options | 1 |
| | — |
| | 1 |
| | — |
| | 1 |
| | — |
| | | | | | | | | | | | | Diluted earnings per share - adjusted weighted-average shares for assumed conversions | 3,437 |
| | 200 |
| | 3,437 |
| | 200 |
| | 3,437 |
| | 200 |
| | | | | | | | | | | | | Basic earnings per share | $ | 28.53 |
| | 14.27 |
| | 27.83 |
| | 13.91 |
| | 29.87 |
| | 14.93 |
| | | | | | | | | | | | | Diluted earnings per share | $ | 28.53 |
| | 14.27 |
| | 27.82 |
| | 13.91 |
| | 29.85 |
| | 14.93 |
|
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