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EARNINGS PER SHARE
12 Months Ended
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.