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Note 3 - (Loss) Earnings Per Share
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Earnings Per Share [Text Block]
3.
(LOSS) EARNINGS PER SHARE
 
The following table sets forth the calculation of basic and diluted net (loss) earnings per common share under the
two
-class method for the
three
and
nine
months ended
September 30, 2019
and
2018
:
 
   
Three Months Ended
   
Nine Months Ended
 
   
September 30,
   
September 30,
 
   
2019
   
2018
   
2019
   
2018
 
                                 
Numerator:
                               
Net (loss) earnings
  $
(6,490
)   $
11,352
    $
(2,391
)   $
16,684
 
Less dividends declared:
                               
Class A
   
131
     
130
     
392
     
391
 
Class B
   
710
     
689
     
2,124
     
2,079
 
Undistributed (loss) earnings
  $
(7,331
)   $
10,533
    $
(4,907
)   $
14,214
 
                                 
Undistributed (loss) earnings allocation - basic and diluted:
                               
Class A undistributed (loss) earnings
  $
(1,243
)   $
1,812
    $
(834
)   $
2,461
 
Class B undistributed (loss) earnings
   
(6,088
)    
8,721
     
(4,073
)    
11,753
 
Total undistributed (loss) earnings
  $
(7,331
)   $
10,533
    $
(4,907
)   $
14,214
 
                                 
Net (loss) earnings allocation - basic and diluted:
                               
Class A net (loss) earnings
  $
(1,112
)   $
1,942
    $
(442
)   $
2,852
 
Class B net (loss) earnings
   
(5,378
)    
9,410
     
(1,949
)    
13,832
 
Net (loss) earnings
  $
(6,490
)   $
11,352
    $
(2,391
)   $
16,684
 
                                 
Denominator:
                               
Weighted-average shares outstanding:
                               
Class A - basic and diluted
   
2,173
     
2,175
     
2,174
     
2,175
 
Class B - basic and diluted
   
10,139
     
9,972
     
10,113
     
9,891
 
                                 
Net (loss) earnings per share:
                               
Class A - basic and diluted
  $
(0.51
)   $
0.89
    $
(0.20
)   $
1.31
 
Class B - basic and diluted
  $
(0.53
)   $
0.94
    $
(0.19
)   $
1.40