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Capital Stock
 12 Months Ended
Dec. 31, 2011
Equity  
Stockholders' Equity Note Disclosure [Text Block]
11)         Capital Stock


The Company has two classes of common stock with shares outstanding, Class A and Class C. Class C shares vote share for share with the Class A shares on all matters except election of one third of the directors who are elected solely by the Class A shares, but generally are entitled to a lower dividend participation rate. Class C shares are convertible into Class A shares at any time on a ten to one ratio.


Stockholders of both classes of common stock have received 5% stock dividends in the years 1990 through 2011, as authorized by the Company’s Board of Directors.
 
The Company has Class B Common Stock of $1.00 par value, 5,000,000 shares authorized, of which none are issued. Class B shares are non-voting stock except to any proposed amendment to the Articles of Incorporation which would affect Class B Common Stock.


The following table summarizes the activity in shares of capital stock for the three-year period ended December 31, 2011:


   
Class A
  
Class C
 
Balance at December 31, 2008
  8,284,109   8,912,315 
          
Exercise of stock options
  16,481   - 
Stock dividends
  415,868   438,776 
Conversion of Class C to Class A
  13,689   (136,880)
Reinstatement
  80   - 
          
Balance at December 31, 2009
  8,730,227   9,214,211 
          
Exercise of stock options
  10,174   - 
Stock dividends
  437,138   460,005 
Conversion of Class C to Class A
  1,406   (14,064)
Reinstatement
  -   - 
          
Balance at December 31, 2010
  9,178,945   9,660,152 
          
Exercise of stock options
  -   - 
Stock dividends
  459,168   482,675 
Conversion of Class C to Class A
  685   (6,851)
Reinstatement
  -   - 
          
Balance at December 31, 2011
  9,638,798   10,135,976 
 
Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with accounting principles generally accepted in the United States of America, the basic and diluted earnings per share amounts were calculated as follows:
 
   
2011
  
2010
  
2009
 
Numerator:
         
Net earnings (loss)
 $1,298,758  $(430,624) $3,773,880 
              
Denominator:
            
Denominator for basic earnings per share-weighted-average shares
  9,375,045   9,169,150   9,149,451 
              
Effect of dilutive securities
            
Employee stock options
  102,807   -   2,486 
Dilutive potential common shares
  102,807   -   2,486 
              
Denominator for diluted earnings (loss)per share-adjusted weighted-average shares and assumed conversions
  9,477,852   9,169,150   9,151,937 
              
Basic earnings (loss) per share
 $0.14  $(0.05) $0.41 
Diluted earnings (loss) per share
 $0.14  $(0.05) $0.41