Note 10 - Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Schedule computation of basic and diluted EPS

The following is the computation of basic and diluted EPS:

(In thousands, except per share amounts)	Three months ended June 30,				Six months ended June 30,
	2023		2022		2023		2022
Earnings attribution
Single class of common stock (through 6/20/2023) *	$	6,125	$	33,280	$	31,382	$	74,751
Class A common stock (6/21/2023 - 6/30/2023)		1,326		—		1,326		—
Class A restricted stock awards (6/21/2023 - 6/30/2023)		105		—		105		—
Class B common stock (6/21/2023 - 6/30/2023)		—		—		—		—
Class B restricted stock awards (6/21/2023 - 6/30/2023)		—		—		—		—
Net income	$	7,556	$	33,280	$	32,813	$	74,751
* Common stock and restricted stock participated in earnings 1:1 and are shown on a combined basis through 6/20/2023 consistent with historical presentation
	Three months ended June 30,				Six months ended June 30,
	2023 **		2022		2023 **		2022
EPS data for single class of common stock through 6/20/2023
Numerator
Net earnings	$	6,125	$	33,280	$	31,382	$	74,751
Denominator
Weighted average shares used to compute basic earnings per share *		44,414		44,271		44,344		44,226
Dilutive effect of stock option awards		350		615		381		610
Dilutive effect of restricted stock units		—		249		—		186
Dilutive effect of performance stock units		55		—		27		—
Weighted average shares used to compute diluted earnings per share		44,819		45,135		44,752		45,022
Earnings per common share (single class of common stock)
Basic	$	0.14	$	0.75	$	0.71	$	1.69
Diluted	$	0.14	$	0.74	$	0.70	$	1.66
	6/21/2023 - 6/30/2023
	Class A		Class B
EPS data for dual-class common stock 6/21/2023 - 6/30/2023
Numerator
Net earnings	$	1,326	$	—
Denominator
Weighted average shares used to compute basic earnings per share **		41,123		8,225
Dilutive effect of stock option awards		326		93
Dilutive effect of restricted stock units		39		32
Dilutive effect of performance stock units		224		82
Weighted average shares used to compute diluted earnings per share		41,712		8,432
Earnings per common share (dual-class structure)
Basic	$	0.03	$	—
Diluted	$	0.03	$	—
** Does not include unvested restricted stock, which averaged 3,239 and 648 for Class A and Class B, respectively