Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER COMMON SHARE:

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2015 and 2014 (in thousands, except per share amounts):

	Three Months Ended
	March 31,
	2015		2014
Numerator:
Net income	$	23,904	$	40,004
Denominators:
Weighted average Class A common shares outstanding - Basic	55,826		54,841
Weighted average Class B common shares outstanding	1,002		1,609
Dilutive effect of employee stock-based awards	293		455
Weighted average shares - Diluted	57,121		56,905
Basic earnings per common share	$	0.43	$	0.73
Diluted earnings per common share	$	0.42	$	0.70

The Company's basic and diluted earnings per common share calculations reflect the weighted average shares issuable upon settlement of the prepaid stock purchase contract component of the Company's Tangible Equity Units (TEUs). For purposes of determining the number of shares included in these calculations, the Company used the market price of its Class A Common Stock at the period end date.

The following total number of Class A Common Stock shares issuable under the assumed exercise of stock-based awards computed based on the treasury stock method were excluded from the calculation of diluted earnings per common share, as the effect of including these shares would have been antidilutive (in thousands):

	Three Months Ended
	March 31,
	2015	2014
Antidilutive shares	503	186