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EARNINGS PER SHARE | 12 Months Ended
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Dec. 31, 2013
EARNINGS PER SHARE [Abstract] |
EARNINGS PER SHARE | NOTE 12, EARNINGS PER SHARE: The following is a reconciliation of the income (loss) and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (amounts in thousands except per share data):
Numerator: |  | 2013 |  |  | 2012 |  |  | 2011 |
Common: |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 4,787 |  |  | $ | 21,721 |  |  | $ | 2,244 |
Undistributed earnings (loss) |  |  | 23,972 |  |  |  | (8,522 | ) |  |  | 11,005 |
Basic |  |  | 28,759 |  |  |  | 13,199 |  |  |  | 13,249 |
Class A Common earnings |  |  | 3,506 |  |  |  | 1,712 |  |  |  | 2,214 |
Diluted |  | $ | 32,265 |  |  | $ | 14,911 |  |  | $ | 15,463 |
Class A Common: |  |  |  |  |  |  |  |  |  |  |  |
Distributed earnings |  | $ | 566 |  |  | $ | 2,963 |  |  | $ | 365 |
Undistributed earnings (loss) |  |  | 2,940 |  |  |  | (1,251 | ) |  |  | 1,849 |
|  | $ | 3,506 |  |  | $ | 1,712 |  |  | $ | 2,214 |
Denominator: |  | 2013 |  |  | 2012 |  |  | 2011 |
Common: |  |  |  |  |  |  |  |  |
Weighted average shares outstanding - basic |  |  | 19,865 |  |  |  | 19,096 |  |  |  | 18,633 |
Assumed conversion of Class A Common Stock |  |  | 2,558 |  |  |  | 2,943 |  |  |  | 3,287 |
Dilutive options, awards and common stock equivalents |  |  | 392 |  |  |  | 343 |  |  |  | 233 |
Total weighted average diluted Common Stock |  |  | 22,815 |  |  |  | 22,382 |  |  |  | 22,153 |
Class A Common: |  |  |  |  |  |  |  |  |  |  |  |
Weighted average shares outstanding |  |  | 2,558 |  |  |  | 2,943 |  |  |  | 3,287 |
Basic net earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.45 |  |  | $ | 0.69 |  |  | $ | 0.71 |
Class A Common Stock |  | $ | 1.37 |  |  | $ | 0.58 |  |  | $ | 0.67 |
Diluted net earnings per share |  |  |  |  |  |  |  |  |  |  |  |
Common Stock |  | $ | 1.41 |  |  | $ | 0.67 |  |  | $ | 0.70 |
Class A Common Stock |  | $ | 1.35 |  |  | $ | 0.59 |  |  | $ | 0.67 |
At December 31, 2012, and 2011, we did not include options to purchase approximately 50,000 and 772,000 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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