Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2024

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 March 31,
	2024		2023
Numerator:
Common:
Distributed earnings	$	4,488	$	4,195
Undistributed earnings	(2,267)		7,250
Basic	2,221		11,445
Class A Common earnings	172		927
Diluted	$	2,393	$	12,372

Class A Common:
Distributed earnings	$	357	$	333
Undistributed earnings	(185)		594
	$	172	$	927
Denominator:
Common:
Weighted average shares outstanding - basic	14,899		14,907
Assumed conversion of Class A Common Stock	1,280		1,283
Dilutive options, awards and common stock equivalents	542		594
Total weighted-average diluted Common Stock	16,721		16,784

Class A Common:
Weighted average shares outstanding	1,280		1,283

Basic earnings per share:
Common Stock	$	0.15	$	0.77
Class A Common Stock	$	0.13	$	0.72

Diluted earnings per share:
Common Stock	$	0.14	$	0.74
Class A Common Stock	$	0.13	$	0.71