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Earnings Per Share
6 Months Ended
Jun. 30, 2025
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. 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
June 30,
Six Months Ended
June 30,
2025202420252024
Numerator:
Common:
Distributed earnings$4,807 $4,842 $9,606 $9,330 
Excess distributions(2,309)(728)(3,600)(2,996)
Basic2,498 4,114 6,006 6,334 
Class A Common earnings191 324 461 497 
Diluted$2,689 $4,438 $6,467 $6,831 
Class A Common:
Distributed earnings$373 $383 $747 $740 
Excess distributions(182)(59)(286)(243)
$191 $324 $461 $497 
Denominator:
Common:
Weighted average shares outstanding - basic14,983 15,065 14,957 14,982 
Assumed conversion of Class A Common Stock1,237 1,275 1,250 1,277 
Dilutive options, awards and common stock equivalents306 363 337 453 
Total weighted-average diluted Common Stock16,526 16,703 16,544 16,712 
Class A Common:
Weighted average shares outstanding1,237 1,275 1,250 1,277 
Basic earnings per share:
Common Stock$0.17 $0.27 $0.40 $0.42 
Class A Common Stock$0.15 $0.25 $0.37 $0.39 
Diluted earnings per share:
Common Stock$0.16 $0.27 $0.39 $0.41 
Class A Common Stock$0.15 $0.25 $0.37 $0.39