Quarterly report pursuant to Section 13 or 15(d)

BASIC AND DILUTED NET EARNINGS PER SHARE

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BASIC AND DILUTED NET EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2012
BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 12. BASIC AND DILUTED NET EARNINGS PER SHARE

Basic net earnings per share has been computed using the weighted average number of Class A and Class B shares of common stock outstanding during the period. Diluted net earnings per share is computed using the weighted average number of shares of Class A and Class B common stock outstanding during the period plus the dilutive effects of stock options.

Options to purchase 1,114,675 and 2,106,674 shares of Class A common stock were outstanding at June 30, 2011 and 2012, respectively. There were no outstanding restricted stock awards as of June 30, 2011 or 2012. Diluted weighted average shares outstanding exclude outstanding stock options whose exercise price is in excess of the average price of the company’s stock price. These options are excluded from the respective computations of diluted net income or loss per share because their effect would be anti-dilutive. As of June 30, 2011 and 2012, there were 212,279 and 213,476 dilutive shares, respectively.