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Note 5 - Earnings Per Share
 3 Months Ended
Mar. 31, 2025
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 months ended March 31, 2025 and 2024:

 

   

Three Months Ended

  
   

March 31,

  
   

2025

    

2024

  
                 

Numerator:

                

Net earnings attributable to Bel shareholders

   $ 17,874     $ 15,874  

Less dividends declared:

                

Class A

     127       129  

Class B

     737       747  

Undistributed earnings

   $ 17,010     $ 14,998  
                 

Undistributed earnings allocation:

                

Class A undistributed earnings

   $ 2,748     $ 2,416  

Class B undistributed earnings

     14,262       12,582  

Total undistributed earnings

   $ 17,010     $ 14,998  
                 

Net earnings allocation:

                

Class A net earnings

   $ 2,875     $ 2,545  

Class B net earnings

     14,999       13,329  

Net earnings

   $ 17,874     $ 15,874  
                 

Denominator:

                

Weighted-average shares outstanding:

                

Class A

     2,115       2,139  

Class B

     10,457       10,610  
                 

Net earnings per share attributable to Bel shareholders:

                

Class A

   $ 1.36     $ 1.19  

Class B

   $ 1.43     $ 1.26