EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2019

EARNINGS PER SHARE [Abstract]

EARNINGS PER SHARE

3. EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted net earnings per common share under the two-class method for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2019		2018		2019		2018
Numerator:
Net earnings	$	2,967	$	6,634	$	4,098	$	5,332
Less dividends declared:
Class A		131		131		261		261
Class B		704		689		1,412		1,390
Undistributed earnings	$	2,132	$	5,814	$	2,425	$	3,681
Undistributed earnings allocation - basic and diluted:
Class A undistributed earnings	$	363	$	1,010	$	412	$	640
Class B undistributed earnings		1,769		4,804		2,013		3,041
Total undistributed earnings	$	2,132	$	5,814	$	2,425	$	3,681
Net earnings allocation - basic and diluted:
Class A net earnings	$	494	$	1,141	$	673	$	901
Class B net earnings		2,473		5,493		3,425		4,431
Net earnings	$	2,967	$	6,634	$	4,098	$	5,332
Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,175		2,175		2,175		2,175
Class B - basic and diluted		10,112		9,844		10,100		9,850
Net earnings per share:
Class A - basic and diluted	$	0.23	$	0.52	$	0.31	$	0.41
Class B - basic and diluted	$	0.24	$	0.56	$	0.34	$	0.45