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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Earnings per share amounts have been retroactively adjusted for the effect of annual stock dividends. In accordance with GAAP, the basic and diluted earnings per share amounts were calculated as follows:

 Schedule of Earnings Per Share, Basic and Diluted

		2022				2021
		Three Months Ended March 31
		2022				2021
Numerator:
Net earnings		$	3,228,718			$	12,128,715
Denominator:
Basic weighted-average shares outstanding			20,390,153				20,080,994
Effect of dilutive securities:
Employee stock options			842,367				928,251
Diluted weighted-average shares outstanding			21,232,520				21,009,245
Basic net earnings per share		$	0.16			$	0.60
Diluted net earnings per share		$	0.15			$	0.58

Summary of Activities in Shares of Capital Stock

The following table summarizes the activity in shares of capital stock.

 Summary of Activities in Shares of Capital Stock

		Class A				Class C
Outstanding shares at December 31, 2020			16,595,783				2,679,603
Exercise of stock options			27,926				-
Conversion of Class C to Class A			48,527				(48,527	)
Outstanding shares at March 31, 2021			16,672,236				2,631,076
Outstanding shares at December 31, 2021			17,642,722				2,866,565
Exercise of stock options			50,223				-
Conversion of Class C to Class A			207				(207	)
Outstanding shares at March 31, 2022			17,693,152				2,866,358

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- References

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- Definition

Tabular disclosure of information related to converting stock into another financial instrument(s) in a noncash (or part noncash) transaction.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 4
-URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4313-108586

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
-Paragraph 3
-URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4304-108586

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 50
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-URI https://asc.fasb.org/extlink&oid=126999549&loc=d3e4332-108586

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=124432515&loc=d3e3550-109257

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