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Capital Stock (Tables)

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

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, 2021			17,642,722				2,866,565
Exercise of stock options			109,587				-
Vesting of restricted stock units			-				-
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
Common stock, shares, outstanding, beginning			18,758,031				2,889,859
Exercise of stock options			279,177				-
Vesting of restricted stock units			1,215				-
Stock dividends			949,980				141,594
Conversion of Class C to Class A			59,599				(59,599	)
Outstanding shares at December 31, 2023			20,048,002				2,971,854
Common stock, shares, outstanding, ending			20,048,002				2,971,854

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 

		2023				2022
		Years Ended December 31,
		2023				2022
Numerator:
Net earnings		$	14,495,058			$	25,690,302
Denominator:
Denominator for basic earnings per share-weighted-average shares			22,083,772				22,187,410
Effect of dilutive securities
Employee stock options			594,196				848,323
Unvested restricted stock units			-				395
Dilutive potential common shares			594,196				848,718
Denominator for diluted earnings per share-adjusted weighted-average shares and assumed conversions			22,677,968				23,036,128
Basic earnings per share		$	0.66			$	1.16
Diluted earnings per share		$	0.64			$	1.12

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

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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.

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