Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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 has greater voting rights which include: voting as a separate class for the election of 75% of the total number of directors and on all other matters subject to shareholder vote has ten votes per share as opposed to one vote per share for the Common Stock. Class A Common Stock 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 March 31,
	2023		2022
Numerator:
Common:
Distributed earnings	$	4,195	$	3,964
Undistributed earnings	7,250		14,008
Basic	11,445		17,972
Class A Common earnings	927		1,389
Diluted	$	12,372	$	19,361

Class A Common:
Distributed earnings	$	333	$	296
Undistributed earnings	594		1,093
	$	927	$	1,389
Denominator:
Common:
Weighted average shares outstanding - basic	14,907		15,706
Assumed conversion of Class A Common Stock	1,283		1,287
Dilutive options, awards and common stock equivalents	594		520
Total weighted-average diluted Common Stock	16,784		17,513

Class A Common:
Weighted average shares outstanding	1,283		1,287

Basic earnings per share:
Common Stock	$	0.77	$	1.14
Class A Common Stock	$	0.72	$	1.08

Diluted earnings per share:
Common Stock	$	0.74	$	1.11
Class A Common Stock	$	0.71	$	1.05