XML 20 R9.htm IDEA: XBRL DOCUMENT v3.5.0.2
EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2016
EARNINGS (LOSS) PER SHARE [Abstract]  
EARNINGS (LOSS) PER SHARE
2.
EARNINGS (LOSS) PER SHARE
 
The following table sets forth the calculation of basic and diluted net earnings (loss) per common share under the two-class method for the three and six months ended June 30, 2016 and 2015:
   
Three Months Ended
  
Six Months Ended
 
  
June 30,
  
June 30,
 
  
2016
  
2015
  
2016
  
2015
 
             
Numerator:
            
Net earnings (loss)
 
$
22,776
  
$
6,062
  
$
(77,921
)
 
$
11,382
 
Less dividends declared:
                
     Class A
  
131
   
130
   
261
   
261
 
     Class B
  
678
   
682
   
1,360
   
1,360
 
Undistributed earnings (loss)
 
$
21,967
  
$
5,250
  
$
(79,542
)
 
$
9,761
 
                 
Undistributed earnings (loss) allocation - basic and diluted:
             
     Class A undistributed earnings (loss)
 
$
3,856
  
$
924
  
$
(13,979
)
 
$
1,720
 
     Class B undistributed earnings (loss)
  
18,111
   
4,326
   
(65,563
)
  
8,041
 
     Total undistributed earnings (loss)
 
$
21,967
  
$
5,250
  
$
(79,542
)
 
$
9,761
 
                 
Net earnings (loss) allocation - basic and diluted:
                
     Class A net earnings (loss)
 
$
3,987
  
$
1,054
  
$
(13,718
)
 
$
1,981
 
     Class B net earnings (loss)
  
18,789
   
5,008
   
(64,203
)
  
9,401
 
     Net earnings (loss)
 
$
22,776
  
$
6,062
  
$
(77,921
)
 
$
11,382
 
                 
Denominator:
                
Weighted-average shares outstanding:
                
     Class A - basic and diluted
  
2,175
   
2,175
   
2,175
   
2,175
 
     Class B - basic and diluted
  
9,729
   
9,693
   
9,715
   
9,682
 
                 
Net earnings (loss) per share:
                
     Class A - basic and diluted
 
$
1.83
  
$
0.49
  
$
(6.31
)
 
$
0.91
 
     Class B - basic and diluted
 
$
1.93
  
$
0.52
  
$
(6.61
)
 
$
0.97