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Note 5 - Earnings Per Share | 6 Months Ended
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Jun. 30, 2024
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, 2024 and 2023:
|  | Three Months Ended |  |  | Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net earnings |  | $ | 18,806 |  |  | $ | 27,775 |  |  | $ | 34,680 |  |  | $ | 42,347 |
Less dividends declared: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A |  |  | 127 |  |  |  | 128 |  |  |  | 256 |  |  |  | 257 |
Class B |  |  | 725 |  |  |  | 742 |  |  |  | 1,472 |  |  |  | 1,490 |
Undistributed earnings |  | $ | 17,954 |  |  | $ | 26,905 |  |  | $ | 32,952 |  |  | $ | 40,600 |
Undistributed earnings allocation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A undistributed earnings |  | $ | 2,901 |  |  | $ | 4,330 |  |  | $ | 5,317 |  |  | $ | 6,533 |
Class B undistributed earnings |  |  | 15,053 |  |  |  | 22,575 |  |  |  | 27,635 |  |  |  | 34,067 |
Total undistributed earnings |  | $ | 17,954 |  |  | $ | 26,905 |  |  | $ | 32,952 |  |  | $ | 40,600 |
Net earnings allocation: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A net earnings |  | $ | 3,028 |  |  | $ | 4,458 |  |  | $ | 5,573 |  |  | $ | 6,790 |
Class B net earnings |  |  | 15,778 |  |  |  | 23,317 |  |  |  | 29,107 |  |  |  | 35,557 |
Net earnings |  | $ | 18,806 |  |  | $ | 27,775 |  |  | $ | 34,680 |  |  | $ | 42,347 |
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Weighted-average shares outstanding: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A |  |  | 2,124 |  |  |  | 2,142 |  |  |  | 2,131 |  |  |  | 2,142 |
Class B |  |  | 10,492 |  |  |  | 10,634 |  |  |  | 10,551 |  |  |  | 10,636 |
Net earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Class A |  | $ | 1.43 |  |  | $ | 2.08 |  |  | $ | 2.61 |  |  | $ | 3.17 |
Class B |  | $ | 1.50 |  |  | $ | 2.19 |  |  | $ | 2.76 |  |  | $ | 3.34 |

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