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EARNINGS PER SHARE
 12 Months Ended
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.