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Note 5 - Earnings Per Share

6 Months Ended

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