EARNINGS PER SHARE (Tables)
12 Months Ended
Dec. 31, 2016
EARNINGS PER SHARE  
Earnings Per Share and Diluted Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31, (in thousands, except per share data)

    

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

 

 

 

Net income

 

$

45,903

 

$

35,166

 

$

28,787

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average shares outstanding

 

 

20,942

 

 

20,861

 

 

20,804

 

Effect of dilutive securities

 

 

12

 

 

81

 

 

95

 

Average shares outstanding including dilutive securities

 

 

20,954

 

 

20,942

 

 

20,899

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings per share:

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

2.22

 

$

1.70

 

$

1.39

 

Class B Common Stock

 

 

2.02

 

 

1.55

 

 

1.32

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share:

 

 

 

 

 

 

 

 

 

 

Class A Common Stock

 

$

2.22

 

$

1.70

 

$

1.38

 

Class B Common Stock

 

 

2.01

 

 

1.54

 

 

1.32

 

 

Stock Option

 

 

 

 

 

 

 

 

Years Ended December 31, 

 

2016

    

2015

    

2014

 

 

 

 

 

 

 

 

 

Antidilutive stock options

 

5,000

 

318,400

 

16,250

 

Average antidilutive stock options

 

3,125

 

216,621

 

15,419