Earnings Per Share
|12 Months Ended|
Dec. 31, 2016
|Earnings Per Share [Abstract]|
|Earnings Per Share||
EARNINGS PER SHARE
Earnings per share computations are based upon the following table:
The above information has been adjusted to reflect the impact of the three-for-twenty distribution of Class B Stock for shareholders of record on October 11, 2016.
Stock options with exercise prices greater than the average market price of the underlying common shares are excluded from the computation of diluted earnings per share because they are out-of-the-money and the effect of their inclusion would be anti-dilutive. The number of common shares covered by out-of-the-money stock options was approximately 0.2 million at December 31, 2016, 0.1 million at December 31, 2015 and were insignificant at December 31, 2014.
The entire disclosure for earnings per share.
Reference 1: http://www.xbrl.org/2003/role/presentationRef