Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2022

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 months ended March 31, 2022 and 2021:

	Three Months Ended
	March 31,
	2022		2021
Numerator:
Net earnings	$	5,064	$	3,199
Less dividends declared:
Class A		129		128
Class B		727		716
Undistributed earnings	$	4,208	$	2,355
Undistributed earnings allocation - basic and diluted:
Class A undistributed earnings	$	692	$	394
Class B undistributed earnings		3,516		1,961
Total undistributed earnings	$	4,208	$	2,355
Net earnings allocation - basic and diluted:
Class A net earnings	$	821	$	522
Class B net earnings		4,243		2,677
Net earnings	$	5,064	$	3,199
Denominator:
Weighted-average shares outstanding:
Class A - basic and diluted		2,145		2,145
Class B - basic and diluted		10,374		10,203
Net earnings per share:
Class A - basic and diluted	$	0.38	$	0.24
Class B - basic and diluted	$	0.41	$	0.26