Note 4 - Earnings Per Share

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Earnings Per Share [Text Block]

4. 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 nine months ended September 30, 2021 and 2020:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
Numerator:
Net earnings	$	5,734	$	7,475	$	16,813	$	9,244
Less dividends declared:
Class A		129		129		386		388
Class B		719		717		2,149		2,133
Undistributed earnings	$	4,886	$	6,629	$	14,278	$	6,723
Undistributed earnings allocation - basic and diluted:
Class A undistributed earnings	$	811	$	1,104	$	2,375	$	1,124
Class B undistributed earnings		4,075		5,525		11,903		5,599
Total undistributed earnings	$	4,886	$	6,629	$	14,278	$	6,723
Net earnings allocation - basic and diluted:
Class A net earnings	$	940	$	1,233	$	2,761	$	1,512
Class B net earnings		4,794		6,242		14,052		7,732
Net earnings	$	5,734	$	7,475	$	16,813	$	9,244
Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,145		2,145		2,145		2,145
Class B - basic and diluted		10,269		10,223		10,237		10,176
Net earnings per share:
Class A - basic and diluted	$	0.44	$	0.57	$	1.29	$	0.70
Class B - basic and diluted	$	0.47	$	0.61	$	1.37	$	0.76