XML 76 R58.htm IDEA: XBRL DOCUMENT v3.25.0.1

EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

EARNINGS PER SHARE

Earnings per share and diluted earnings per share

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​	​
Years Ended December 31, (in thousands, except per share data)		2024			2023			2022
​	​	​	​	​	​	​	​	​	​
Net income	​	$	101,371	​	$	90,374	​	$	91,106
Dividends declared on Common Stock:	​	​	​	​	​	​	​	​	​
Class A Shares	​	​	(27,998)	​	​	(26,002)	​	​	(24,122)
Class B Shares	​	​	(3,182)	​	​	(2,933)	​	​	(2,679)
Undistributed net income for basic earnings per share	​	​	70,191	​	​	61,439	​	​	64,305
Weighted average potential dividends on Class A shares upon exercise of dilutive options	​	​	(140)	​	​	(92)	​	​	(87)
Undistributed net income for diluted earnings per share	​	$	70,051	​	$	61,347	​	$	64,218
​	​	​	​	​	​	​	​	​	​
Weighted average shares outstanding:	​	​	​	​	​	​	​	​	​
Class A Shares	​		17,499	​		17,634	​		17,876
Class B Shares	​	​	2,151	​	​	2,158	​	​	2,161
Effect of dilutive securities on Class A Shares outstanding	​		86	​		61	​		64
Weighted average shares outstanding including dilutive securities	​		19,736	​		19,853	​		20,101
​	​	​	​	​	​	​	​	​	​
Basic earnings per share:	​	​	​	​	​	​	​	​	​
Class A Common Stock:	​	​	​	​	​	​	​	​	​
Per share dividends distributed	​	$	1.63	​	$	1.50	​	$	1.36
Undistributed earnings per share*	​	​	3.61	​	​	3.14	​	​	3.24
Total basic earnings per share - Class A Common Stock	​	$	5.24	​	$	4.64	​	$	4.60
​	​	​	​	​	​	​	​	​	​
Class B Common Stock:	​	​	​	​	​	​	​	​	​
Per share dividends distributed	​	$	1.48	​	$	1.36	​	$	1.24
Undistributed earnings per share*	​	​	3.28	​	​	2.85	​	​	2.95
Total basic earnings per share - Class B Common Stock	​	$	4.76	​	$	4.21	​	$	4.19
​	​	​	​	​	​	​	​	​	​
Diluted earnings per share:	​	​	​	​	​	​	​	​	​
Class A Common Stock:	​	​	​	​	​	​	​	​	​
Per share dividends distributed	​	$	1.63	​	$	1.50	​	$	1.36
Undistributed earnings per share*	​	​	3.58	​	​	3.12	​	​	3.23
Total diluted earnings per share - Class A Common Stock	​	$	5.21	​	$	4.62	​	$	4.59
​	​	​	​	​	​	​	​	​	​
Class B Common Stock:	​	​	​	​	​	​	​	​	​
Per share dividends distributed	​	$	1.48	​	$	1.36	​	$	1.24
Undistributed earnings per share*	​	​	3.26	​	​	2.84	​	​	2.93
Total diluted earnings per share - Class B Common Stock	​	$	4.74	​	$	4.20	​	$	4.17

*To arrive at undistributed earnings per share, undistributed net income is first pro rated between Class A and Class B Common Shares, with Class A Common Shares receiving a 10% premium. The resulting pro-rated, undistributed net income for each class is then divided by the weighted average shares for each class.

Antidilutive stock options

​

​	​	​	​	​	​	​	​	​
​		​	​	​	​	​	​	​
​	​	​	​	​	​	​	​	​
​		​	​	2024		2023		2022
​	​	​	​	​	​	​	​	​
Antidilutive stock options		​	​	—		149,169		178,000
Average antidilutive stock options		​	​	—		145,809		128,000

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