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, 2015
BASIC AND DILUTED NET EARNINGS PER SHARE [Abstract]  
BASIC AND DILUTED NET EARNINGS PER SHARE

NOTE 12. BASIC AND DILUTED NET EARNINGS PER SHARE

 

Basic net earnings per share is 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 1,913,958 and 1,634,034 shares of Class A common stock were outstanding at June 30, 2014 and 2015, respectively. 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, 2014 and 2015 there were 777,904 and 400,366 dilutive shares, respectively.