Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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. Holders of the Class A Common Stock have greater voting rights which include voting as a separate class for the election of up to 75% of the total number of directors whereas holders of the Common Stock vote as a separate class for the election of at least 25% of the total number of directors. On all other matters subject to shareholder vote, holders of the Class A Common Stock have ten votes per share as opposed to holders of the Common Stock receiving one vote per share. 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 September 30,				Nine Months Ended September 30,
	2023		2022		2023		2022
Numerator:
Common:
Distributed earnings	$	4,527	$	4,214	$	13,249	$	12,403
Undistributed earnings	11,349		18,498		24,982		48,398
Basic	15,876		22,712		38,231		60,801
Class A Common earnings	1,278		1,839		3,086		4,819
Diluted	$	17,154	$	24,551	$	41,317	$	65,620

Class A Common:
Distributed earnings	$	360	$	334	$	1,051	$	963
Undistributed earnings	918		1,505		2,035		3,856
	$	1,278	$	1,839	$	3,086	$	4,819
Denominator:
Common:
Weighted average shares outstanding - basic	15,071		15,015		15,008		15,347
Assumed conversion of Class A Common Stock	1,282		1,283		1,283		1,284
Dilutive options, awards and common stock equivalents	483		518		498		507
Total weighted-average diluted Common Stock	16,836		16,816		16,789		17,138

Class A Common:
Weighted average shares outstanding	1,282		1,283		1,283		1,284

Basic earnings per share:
Common Stock	$	1.05	$	1.51	$	2.55	$	3.96
Class A Common Stock	$	1.00	$	1.43	$	2.41	$	3.75

Diluted earnings per share:
Common Stock	$	1.02	$	1.46	$	2.46	$	3.83
Class A Common Stock	$	0.98	$	1.40	$	2.36	$	3.66