Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Calculation Of Net Income (Loss) Available To Common Stockholders Before Being Allocable Between Class A And Class B Common Shares

Three Months Ended

September 30,

Nine Months Ended

September 30,

2022

2021

2022

2021

Net Income

$

5,558

$

6,593

$

15,707

$

15,427

Less: Preferred stock dividends 

-

542

-

2,077

Less: Exchange and redemption of preferred shares

-

89,585

-

89,585

Net income (loss) available to common stockholders

$

5,558

$

(83,534)

$

15,707

$

(76,235)

Calculation Of Basic And Diluted Earnings (Loss) Per Common Share Class

Three Months Ended September 30,

2022

2021

Class A

Class B 

Class A

Class B

(1)

Basic EPS

Numerator:

Net income (loss) available to common shares before allocation

$

5,558

$

-

$

(83,534)

$

(83,534)

Multiply: % allocated on weighted avg. shares outstanding

100.0%

-

92.5%

7.5%

Net income (loss) available to common shares after allocation

$

5,558

$

-

$

(77,278)

$

(6,256)

Denominator:

Weighted average shares outstanding

20,000,753

-

15,121,460

6,121,052

Earnings (loss) per share, basic

$

0.28

$

-

$

(5.11)

$

(1.02)

Diluted EPS

Numerator:

Net income (loss) available to common shares before allocation

$

5,558

$

-

$

(83,534)

$

(83,534)

Multiply: % allocated on weighted avg. shares outstanding

100.0%

-

92.5%

7.5%

Net income (loss) available to common shares after allocation

$

5,558

$

-

$

(77,278)

$

(6,256)

Denominator:

Weighted average shares outstanding for basic EPS

20,000,753

-

15,121,460

6,121,052

Add: Dilutive effects of assumed exercises of stock options

147,455

-

-

-

Weighted avg. shares including dilutive potential common shares

20,148,208

-

15,121,460

6,121,052

Earnings (loss) per share, diluted

$

0.28

$

-

$

(5.11)

$

(1.02)

Anti-dilutive stock options excluded from diluted EPS

15,000

-

95,602

-

(1) Net loss available to common shares between Class A and Class B common stock was allocated based on the weighted average number of shares

outstanding. The allocation also assumes that Class B shares had converted to Class A shares which is equivalent to

0.20

 per share of Class B or

1,224,212

 shares of Class A shares.

Nine Months Ended September 30,

2022

2021

Class A

Class B 

Class A

Class B

(1)

Basic EPS

Numerator:

Net income (loss) available to common shares before allocation

$

15,707

$

-

$

(76,235)

$

(76,235)

Multiply: % allocated on weighted avg. shares outstanding

100.0%

-

86.2%

$

13.8%

Net income (loss) available to common shares after allocation

$

15,707

$

-

$

(65,747)

$

(10,488)

Denominator:

Weighted average shares outstanding

19,998,841

-

7,674,609

6,121,052

Earnings (loss) per share, basic

$

0.79

$

-

$

(8.57)

$

(1.71)

Diluted EPS

Numerator:

Net income (loss) available to common shares before allocation

$

15,707

$

-

$

76,235

$

76,235

Multiply: % allocated on weighted avg. shares outstanding

100.0%

-

86.2%

13.8%

Net income (loss) available to common shares after allocation

$

15,707

$

-

$

(65,747)

$

(10,488)

Denominator:

Weighted average shares outstanding for basic EPS

19,998,841

-

7,674,609

6,121,052

Add: Dilutive effects of assumed exercises of stock options

179,248

-

-

-

Weighted avg. shares including dilutive potential common shares

20,178,089

-

7,674,609

6,121,052

Earnings (loss) per share, diluted

$

0.78

$

-

$

(8.57)

$

(1.71)

Anti-dilutive stock options excluded from diluted EPS

15,000

-

168,709

-

(1) Net loss available to common shares between Class A and Class B common stock was allocated based on the weighted average number of shares

outstanding. The allocation also assumes that Class B shares had converted to Class A shares which is equivalent to

0.20

 per share of Class B or

1,224,212

 shares of Class A shares.