| Earnings Per Share and Diluted Earnings Per Share |
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Years Ended December 31, (in thousands, except per share data)
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2016
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2015
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2014
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Net income
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$
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45,903
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$
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35,166
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$
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28,787
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Weighted average shares outstanding
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20,942
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20,861
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20,804
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Effect of dilutive securities
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12
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81
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95
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Average shares outstanding including dilutive securities
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20,954
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20,942
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20,899
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Basic earnings per share:
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Class A Common Stock
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$
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2.22
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$
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1.70
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$
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1.39
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Class B Common Stock
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2.02
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1.55
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1.32
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Diluted earnings per share:
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Class A Common Stock
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$
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2.22
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$
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1.70
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$
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1.38
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Class B Common Stock
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2.01
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1.54
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1.32
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