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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, 2023 and 2022:
| |
|
Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
|
|
| Numerator: |
|
|
|
|
|
|
|
|
| Net earnings |
|
$ |
14,572 |
|
|
$ |
5,064 |
|
| Less dividends declared: |
|
|
|
|
|
|
|
|
| Class A |
|
|
128 |
|
|
|
129 |
|
| Class B |
|
|
747 |
|
|
|
727 |
|
| Undistributed earnings |
|
$ |
13,697 |
|
|
$ |
4,208 |
|
| |
|
|
|
|
|
|
|
|
| Undistributed earnings allocation - basic and diluted: |
|
|
|
|
|
|
|
|
| Class A undistributed earnings |
|
$ |
2,203 |
|
|
$ |
692 |
|
| Class B undistributed earnings |
|
|
11,494 |
|
|
|
3,516 |
|
| Total undistributed earnings |
|
$ |
13,697 |
|
|
$ |
4,208 |
|
| |
|
|
|
|
|
|
|
|
| Net earnings allocation - basic and diluted: |
|
|
|
|
|
|
|
|
| Class A net earnings |
|
$ |
2,331 |
|
|
$ |
821 |
|
| Class B net earnings |
|
|
12,241 |
|
|
|
4,243 |
|
| Net earnings |
|
$ |
14,572 |
|
|
$ |
5,064 |
|
| |
|
|
|
|
|
|
|
|
| Denominator: |
|
|
|
|
|
|
|
|
| Weighted-average shares outstanding: |
|
|
|
|
|
|
|
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| Class A - basic and diluted |
|
|
2,142 |
|
|
|
2,145 |
|
| Class B - basic and diluted |
|
|
10,639 |
|
|
|
10,374 |
|
| |
|
|
|
|
|
|
|
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| Net earnings per share: |
|
|
|
|
|
|
|
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| Class A - basic and diluted |
|
$ |
1.09 |
|
|
$ |
0.38 |
|
| Class B - basic and diluted |
|
$ |
1.15 |
|
|
$ |
0.41 |
|
|