Earnings Per Share

12 Months Ended

Dec. 31, 2019

Earnings Per Share [Abstract]

Earnings Per Share

Note 15, Earnings Per Share:

The following is a reconciliation of the income (loss) and number of shares used in calculating the diluted earnings per share for Common Stock and Class A Common Stock (amounts in thousands except per share data):

Numerator:	2019		2018			2017
Common:
Distributed earnings	$	13,913	$	32,595		$	10,473
Undistributed earnings		6,284		(4,741	)		8,896
Basic		20,197		27,854			19,369
Class A Common earnings		1,668		2,453			1,706
Diluted	$	21,865	$	30,307		$	21,075
Class A Common:
Distributed earnings	$	1,143	$	2,869		$	919
Undistributed earnings		525		(416	)		787
	$	1,668	$	2,453		$	1,706

Denominator:	2019		2018		2017
Common:
Weighted average shares outstanding - basic		18,360		19,182		19,381
Assumed conversion of Class A Common Stock		1,611		1,765		1,801
Dilutive options, awards and common stock equivalents		290		348		417
Total weighted average diluted Common Stock		20,261		21,295		21,599
Class A Common:
Weighted average shares outstanding		1,611		1,765		1,801
Basic net earnings per share
Common Stock	$	1.10	$	1.45	$	1.00
Class A Common Stock	$	1.04	$	1.39	$	0.95
Diluted net earnings per share
Common Stock	$	1.08	$	1.42	$	0.98
Class A Common Stock	$	1.03	$	1.39	$	0.94