Earnings Per Share

3 Months Ended

Mar. 31, 2014

Earnings Per Share [Abstract]

Earnings Per Share

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 March 31,
	2014			2013
	Class A		Class B	Class A	Class B
	(In thousands except per share amounts)
Numerator for Basic and Diluted Earnings Per Share:
Net income	$	19,826		16,632
Dividends - Class A shares	—			—
Dividends - Class B shares	—			—
Undistributed income	$	19,826		16,632
Allocation of net income:
Dividends	$	—	—	—	—
Allocation of undistributed income	19,265		561	16,162	470
Net income	$	19,265	561	16,162	470
Denominator:
Basic earnings per share - weighted-average shares	3,435		200	3,435	200
Effect of dilutive stock options	2		—	5	—
Diluted earnings per share - adjusted weighted-average shares for assumed conversions	3,437		200	3,440	200
Basic Earnings Per Share	$	5.61	2.80	4.71	2.35
Diluted Earnings Per Share	$	5.61	2.80	4.70	2.35

Stock options that were outstanding during the three months ended March 31, 2014 and 2013, but were not included in the computation of diluted earnings per share because the effect was antidilutive were approximately 22,000 and 32,000, respectively.