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Earnings Per Share
9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
We report our earnings per share using the two-class method. The income per share for each class of common stock is calculated assuming 100% of our earnings are distributed as dividends to each class of common stock based on the contractual rights of the classes.
The Common Stock of the Company has a preferential dividend rate of at least 105% of the dividend paid on the Class A Common Stock. The Class A Common Stock, which has ten votes per share as opposed to one vote per share for the Common Stock (on all matters other than the election of directors), may be converted at any time on a one-for-one basis into Common Stock at the option of the holder of the Class A Common Stock.
Three Months Ended
September 30,
Nine Months Ended
September 30,
2022202120222021
Numerator:
Common:
Distributed earnings$4,214 $4,164 $12,403 $12,142 
Undistributed earnings18,498 18,424 48,398 49,713 
Basic22,712 22,588 60,801 61,855 
Class A Common earnings1,839 1,645 4,819 4,642 
Diluted$24,551 $24,233 $65,620 $66,497 
Class A Common:
Distributed earnings$334 $297 $963 $868 
Undistributed earnings1,505 1,348 3,856 3,774 
$1,839 $1,645 $4,819 $4,642 
Denominator:
Common:
Weighted average shares outstanding - basic15,015 16,794 15,347 16,862 
Assumed conversion of Class A Common Stock1,283 1,290 1,284 1,344 
Dilutive options, awards and common stock equivalents518 478 507 506 
Total weighted-average diluted Common Stock16,816 18,562 17,138 18,712 
Class A Common:
Weighted average shares outstanding1,283 1,290 1,284 1,344 
Basic earnings per share:
Common Stock$1.51 $1.35 $3.96 $3.67 
Class A Common Stock$1.43 $1.28 $3.75 $3.45 
Diluted earnings per share:
Common Stock$1.46 $1.31 $3.83 $3.55 
Class A Common Stock$1.40 $1.25 $3.66 $3.38