BASIC AND DILUTED NET EARNINGS PER SHARE
|9 Months Ended|
Sep. 30, 2016
|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 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 1,628,534 and 1,729,000 shares of Class A common stock were outstanding at September 30, 2015 and 2016, 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 September 30, 2015 and 2016 there were 447,689 and 367,940 dilutive shares, respectively.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef