Note 4 - Earnings Per Share

3 Months Ended

Mar. 31, 2023

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, 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:
Class A - basic and diluted		2,142		2,145
Class B - basic and diluted		10,639		10,374
Net earnings per share:
Class A - basic and diluted	$	1.09	$	0.38
Class B - basic and diluted	$	1.15	$	0.41