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Capital Stock (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Summary of Activities in Shares of Capital Stock

The following table summarizes the activity 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   160,282    104,656 
Stock dividends   837,410    131,553 
Conversion of Class C to Class A   49,247    (49,247)
           
Outstanding shares at December 31, 2021   17,642,722    2,866,565 
           
Exercise of stock options   109,587    - 
Stock dividends   889,554    139,462 
Conversion of Class C to Class A   116,168    (116,168)
           
Outstanding shares at December 31, 2022   18,758,031    2,889,859 
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:

 

   2022   2021 
   Years Ended December 31 
   2022   2021 
Numerator:        
Net earnings  $25,690,302   $39,518,990 
           
Denominator:          
Denominator for basic earnings per share-weighted-average shares   21,137,941    21,146,713 
           
Effect of dilutive securities          
Employee stock options   807,927    812,916 
Unvested restricted stock units   374    - 
Dilutive potential common shares   808,301    812,916 
           
Denominator for diluted earnings per share-adjusted weighted-average          
shares and assumed conversions   21,946,242    21,959,629 
           
Basic earnings per share  $1.22   $1.87 
Diluted earnings per share  $1.17   $1.80