XML 53 R42.htm IDEA: XBRL DOCUMENT v3.25.1

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Net income per share

			Three Months Ended March 31, 2025
															Non-Voting
									Class B						Common
			Voting						Non-Voting						Stock						Total
			Common						Common						Equivalents						Common
			(In thousands, except per share amounts)
Basic Earnings Per Share:
Net earnings available to common and equivalent stockholders			$	40,963					$	123					$	2,535					$	43,621
Less: Earnings allocated to unvested restricted stock (1)			(47)						—						—						(47)
Net earnings allocated to common and equivalent shares			$	40,916					$	123					$	2,535					$	43,574
Weighted average basic shares and unvested restricted
stock outstanding			158,429						477						9,791						168,697
Less: weighted average unvested restricted stock
outstanding			(202)						—						—						(202)
Weighted average basic shares outstanding			158,227						477						9,791						168,495
Basic earnings per share			$	0.26					$	0.26					$	0.26					$	0.26
Diluted Earnings Per Share:
Net earnings allocated to common and equivalent shares			$	40,963					$	123					$	2,535					$	43,621
Weighted average diluted shares outstanding			158,734						477						10,223						169,434
Diluted earnings per share			$	0.26					$	0.26					$	0.25					$	0.26

________________________

(1)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

			Three Months Ended March 31, 2024
															Non-Voting
									Class B						Common
			Voting						Non-Voting						Stock						Total
			Common						Common						Equivalents						Common
			(In thousands, except per share amounts)
Basic Earnings Per Share:
Net earnings available to common and equivalent stockholders			$	19,521					$	59					$	1,325					$	20,905
Less: Earnings allocated to unvested restricted stock (1)			(53)						—						—						(53)
Net loss allocated to common and equivalent shares			$	19,468					$	59					$	1,325					$	20,852
Weighted average basic shares and unvested restricted
stock outstanding			157,838						477						10,658						168,973
Less: weighted average unvested restricted stock
outstanding			(830)						—						—						(830)
Weighted average basic shares outstanding			157,008						477						10,658						168,143
Basic earnings per share			$	0.12					$	0.12					$	0.12					$	0.12
Diluted Earnings Per Share:
Net earnings allocated to common and equivalent shares			$	19,468					$	59					$	1,325					$	20,852
Weighted average diluted shares outstanding			157,008						477						10,658						168,143
Diluted earnings per share			$	0.12					$	0.12					$	0.12					$	0.12

________________________

(1)    Represents cash dividends paid to holders of unvested restricted stock, net of forfeitures, plus undistributed earnings amounts available to holders of unvested restricted stock, if any.

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the weighted average outstanding restricted shares and warrants that were not included in the computation of diluted earnings per share because their effect would be anti-dilutive for the periods indicated:

			Three Months Ended
			March 31,
			2025						2024
			(In thousands)
Restricted stock awards and units (1)			202						830
Warrants			18,902						18,902

X

- References

No definition available.

+ Details

Name:	us-gaap_EarningsPerShareAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 260
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482662/260-10-50-1

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration