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Note 12 - Earnings Per Share
 12 Months Ended
Dec. 31, 2013
Earnings Per Share [Abstract]  
Earnings Per Share [Text Block]

12.                   EARNINGS PER SHARE:


Basic earnings per share (“EPS”) were computed by dividing income from continuing operations by the weighted average number of shares of common stock outstanding during the period. Diluted EPS differs from basic EPS due to the assumed conversions of potentially dilutive options and restricted shares that were outstanding during the period. The Company’s Class A Common Stock and Class B Common Stock have equal claims on earnings of the Company. The following is a reconciliation of the numerators and the denominators of the basic and diluted per share computations for income from continuing operations (in thousands, except per share amounts):


   

2013

   

2012

   

2011

 
                         

Numerator-

                       

Numerator for basic and diluted earnings per share-

                       

Net income available to common shareholders

  $ 49,217     $ 62,455     $ 55,213  
                         

Denominator-

                       

Denominator for basic earnings per share, weighted average shares

    39,405       38,643       37,861  
                         

Effect of dilutive securities-

                       

Stock options and restricted shares

    1,101       1,045       1,154  
                         

Denominator for diluted earnings per share, adjusted weighted average shares and assumed conversions

    40,506       39,688       39,015  
                         

Basic earnings per common share

  $ 1.25     $ 1.62     $ 1.46  
                         

Diluted earnings per common share and common share equivalents

  $ 1.22     $ 1.57     $ 1.42  

Options to purchase shares of common stock that were outstanding for the years ended December 31, 2013, 2012 and 2011 that were not included in the computation of diluted earnings per share because the effect would have been anti-dilutive are as follows:


   

2013

   

2012

   

2011

 
                         

Options

    927,796       1,123,795       533,100  
                         

Total anti-dilutive securities

    927,796       1,123,795       533,100