

	Three Months Ended September 30,
	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	$	28,466			24,782
Dividends - Class A shares	(1,236		)		(1,237	)
Dividends - Class B shares	(36		)		(36	)

Undistributed income	$	27,194			23,509

Allocation of net income:
Dividends	$	1,236		36	1,237		36
Allocation of undistributed income	26,425			769	22,844		665

Net income	$	27,661		805	24,081		701

Denominator:
Basic earnings per share - weighted-average shares	3,436			200	3,435		200
Effect of dilutive stock options	2			—	4		—

Diluted earnings per share - adjusted weighted-average shares for assumed conversions	3,438			200	3,439		200

Basic Earnings Per Share	$	8.05		4.03	7.01		3.51

Diluted Earnings Per Share	$	8.05		4.03	7.00		3.51

Stock options that were outstanding during the three months ended September 30, 2014 and 2013, but were not included in the computation of diluted earnings per share because the effect was anti-dilutive were approximately 22,200 and 23,000, respectively.




	Nine Months Ended September 30,
	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	$	77,475			68,405
Dividends - Class A shares	(1,236		)		(1,237	)
Dividends - Class B shares	(36		)		(36	)

Undistributed income	$	76,203			67,132

Allocation of net income:
Dividends	$	1,236		36	1,237		36
Allocation of undistributed income	74,048			2,155	65,233		1,899

Net income	$	75,284		2,191	66,470		1,935

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	$	21.92		10.95	19.35		9.68

Diluted Earnings Per Share	$	21.91		10.95	19.32		9.68