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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
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:

 

   2024   2023   2024   2023 
   Three Months Ended
September 30,		   Nine Months Ended
September 30,		 
   2024   2023   2024   2023 
Numerator:                    
Net earnings  $11,831,444   $4,041,293   $26,577,515   $11,634,171 
Denominator:                    
Basic weighted-average shares outstanding   23,240,725    23,169,141    23,287,707    23,171,889 
Effect of dilutive securities:                    
Employee stock options   812,761    806,643    696,526    665,804 
Diluted weighted-average shares outstanding   24,053,486    23,975,784    23,984,233    23,837,693 
                     
Basic net earnings per share  $0.51   $0.17   $1.14   $0.50 
                     
Diluted net earnings per share  $0.49   $0.17   $1.11   $0.49 
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, 2022(1)   19,708,011    3,031,453 
           
Exercise of stock options   239,191    - 
Vesting of restricted stock units   810    - 
Conversion of Class C to Class A   59,599    (59,599)
           
Outstanding shares at September 30, 2023   20,007,611    2,971,854 
           
Outstanding shares at December 31, 2023(1)   21,052,883    3,120,432 
           
Exercise of stock options   63,512    - 
Vesting of restricted stock units   1,325    - 
Conversion of Class C to Class A   266    (266)
           
Outstanding shares at September 30, 2024   21,117,986    3,120,166