Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

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:

	Three Months Ended March 31
	2023		2022
Numerator:
Net earnings	$	1,240,172	$	3,228,718
Denominator:
Basic weighted-average shares outstanding		21,080,549		21,381,988
Effect of dilutive securities:
Employee stock options		531,486		884,485
Diluted weighted-average shares outstanding		21,612,035		22,266,473
Basic net earnings per share	$	0.06	$	0.15
Diluted net earnings per share	$	0.06	$	0.15

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, 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
Outstanding shares at December 31, 2022		18,758,031		2,889,859
Exercise of stock options		48,046		-
Conversion of Class C to Class A		936		(936	)
Outstanding shares at March 31, 2023		18,807,013		2,888,923