XML 24 R14.htm IDEA: XBRL DOCUMENT

Note 5 - Earnings Per Share

6 Months Ended

Jun. 30, 2023

Notes to Financial Statements

Earnings Per Share [Text Block]

5.	EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted net earnings per common share under the two-class method for the three and six months ended June 30, 2023 and 2022:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2023				2022				2023				2022

Numerator:
Net earnings		$	27,775			$	17,038			$	42,347			$	22,102
Less dividends declared:
Class A			128				129				257				258
Class B			742				726				1,490				1,453
Undistributed earnings		$	26,905			$	16,183			$	40,600			$	20,391

Undistributed earnings allocation - basic and diluted:
Class A undistributed earnings		$	4,330			$	2,664			$	6,533			$	3,356
Class B undistributed earnings			22,575				13,519				34,067				17,035
Total undistributed earnings		$	26,905			$	16,183			$	40,600			$	20,391

Net earnings allocation - basic and diluted:
Class A net earnings		$	4,458			$	2,793			$	6,790			$	3,614
Class B net earnings			23,317				14,245				35,557				18,488
Net earnings		$	27,775			$	17,038			$	42,347			$	22,102

Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted			2,142				2,144				2,142				2,145
Class B - basic and diluted			10,634				10,362				10,636				10,368

Net earnings per share:
Class A - basic and diluted		$	2.08			$	1.30			$	3.17			$	1.68
Class B - basic and diluted		$	2.19			$	1.37			$	3.34			$	1.78