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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2012
EARNINGS PER SHARE [Abstract] |
EARNINGS (LOSS) PER SHARE | Note 12, Earnings Per Share: The following is a reconciliation of the income and number of shares used in calculating the diluted earnings (loss) per share for Common Stock and Class A Common Stock (amounts in thousands except per share data):
Numerator: |  | 2012 |  |  | 2011 |  |  | 2010 |
Common: |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 21,721 |  |  | $ | 2,244 |  |  | $ | 1,850 |
Undistributed earnings (loss) |  |  | (8,522 | ) |  |  | 11,005 |  |  |  | 5,288 |
Basic |  |  | 13,199 |  |  |  | 13,249 |  |  |  | 7,138 |
Class A Common earnings |  |  | 1,712 |  |  |  | 2,214 |  |  |  | 1,306 |
Diluted |  | $ | 14,911 |  |  | $ | 15,463 |  |  | $ | 8,444 |
Class A Common: |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 2,963 |  |  | $ | 365 |  |  | $ | 318 |
Undistributed earnings (loss) |  |  | (1,251 | ) |  |  | 1,849 |  |  |  | 988 |
|  | $ | 1,712 |  |  | $ | 2,214 |  |  | $ | 1,306 |
Denominator: |  | 2012 |  |  | 2011 |  |  | 2010 |
Common: |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding - basic |  |  | 19,096 |  |  |  | 18,633 |  |  |  | 18,156 |
Assumed conversion of Class A Common Stock |  |  | 2,943 |  |  |  | 3,287 |  |  |  | 3,563 |
Dilutive options, awards and common stock equivalents |  |  | 343 |  |  |  | 233 |  |  |  | 251 |
Total weighted-average diluted Common Stock |  |  | 22,382 |  |  |  | 22,153 |  |  |  | 21,970 |
Class A Common: |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding |  |  | 2,943 |  |  |  | 3,287 |  |  |  | 3,563 |
Basic net earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 0.69 |  |  | $ | 0.71 |  |  | $ | 0.39 |
Class A Common Stock |  | $ | 0.58 |  |  | $ | 0.67 |  |  | $ | 0.37 |
Diluted net earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 0.67 |  |  | $ | 0.70 |  |  | $ | 0.38 |
Class A Common Stock |  | $ | 0.59 |  |  | $ | 0.67 |  |  | $ | 0.36 |
At December 31, 2012, 2011 and 2010, we did not include options to purchase approximately 50,000, 772,000 and 878,000 shares of Havertys Common Stock, respectively, in the computation of diluted earnings per common share because the exercise prices of those options were greater than the average market price and their inclusion would have been antidilutive. A special cash dividend of $1.00 for Common Stock and $0.95 for Class A Common Stock was paid in the fourth quarter of 2012.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 55 -Paragraph 52 -URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1278-109256 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 128 -Paragraph 40 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.21) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 + Details
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