Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 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 September 30,				Nine Months Ended September 30,
	2024		2023		2024		2023
Numerator:
Common:
Distributed earnings	$	4,842	$	4,527	$	14,173	$	13,250
(Excess distributions) undistributed earnings	(275)		11,349		(3,271)		24,981
Basic	4,567		15,876		10,902		38,231
Class A Common earnings	361		1,278		857		3,086
Diluted	$	4,928	$	17,154	$	11,759	$	41,317

Class A Common:
Distributed earnings	$	383	$	360	$	1,122	$	1,051
(Excess distributions) undistributed earnings	(22)		918		(265)		2,035
	$	361	$	1,278	$	857	$	3,086
Denominator:
Common:
Weighted average shares outstanding - basic	15,133		15,071		15,032		15,008
Assumed conversion of Class A Common Stock	1,275		1,282		1,277		1,283
Dilutive options, awards and common stock equivalents	337		483		414		498
Total weighted-average diluted Common Stock	16,745		16,836		16,723		16,789

Class A Common:
Weighted average shares outstanding	1,275		1,282		1,277		1,283

Basic earnings per share:
Common Stock	$	0.30	$	1.05	$	0.73	$	2.55
Class A Common Stock	$	0.28	$	1.00	$	0.67	$	2.41

Diluted earnings per share:
Common Stock	$	0.29	$	1.02	$	0.70	$	2.46
Class A Common Stock	$	0.28	$	0.98	$	0.67	$	2.36