Earnings Per Share

6 Months Ended

Jun. 30, 2011

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

EARNINGS PER SHARE

Basic earnings per share of common stock are computed by dividing net income by the weighted-average basic common shares outstanding during the period. Diluted earnings per share assumes the issuance of common shares applicable to stock options in the denominator.

	Three Months Ended June 30,
	2011			2010
	Class A		Class B	Class A	Class B
	(In thousands except per share amounts)
Numerator for Basic and Diluted Earnings Per Share:
Net income	$	13,790		20,812
Dividends - Class A shares	—			—
Dividends - Class B shares	—			—
Undistributed income	$	13,790		20,812
Allocation of net income:
Dividends	$	—		—	—
Allocation of undistributed income	13,400		390	20,222	590
Net income	$	13,400	390	20,222	590
Denominator:
Basic earnings per share - weighted-average shares	3,434		200	3,426	200
Effect of dilutive stock options	3		—	14	—
Diluted earnings per share - adjusted weighted-average shares for assumed conversions	3,437		200	3,440	200
Basic Earnings Per Share	$	3.90	1.95	5.90	2.95
Diluted Earnings Per Share	$	3.90	1.95	5.88	2.95

	Six Months Ended June 30,
	2011			2010
	Class A		Class B	Class A	Class B
	(In thousands except per share amounts)
Numerator for Basic and Diluted Earnings Per Share:
Net income	$	32,001		39,220
Dividends - Class A shares	—			—
Dividends - Class B shares	—			—
Undistributed income	$	32,001		39,220
Allocation of net income:
Dividends	$	—	—	—	—
Allocation of undistributed income	31,096		905	38,108	1,112
Net income	$	31,096	905	38,108	1,112
Denominator:
Basic earnings per share - weighted-average shares	3,432		200	3,426	200
Effect of dilutive stock options	6		—	14	—
Diluted earnings per share - adjusted weighted-average shares for assumed conversions	3,438		200	3,440	200
Basic Earnings Per Share	$	9.06	4.53	11.12	5.56
Diluted Earnings Per Share	$	9.04	4.53	11.08	5.56