Earnings Per Share

12 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share:

The following is a reconciliation of the income 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:	2023		2022		2021
Common:
Distributed earnings	$	32,612	$	31,432	$	48,837
Undistributed earnings	19,491		51,290		35,653
Basic	52,103		82,722		84,490
Class A Common earnings	4,216		6,636		6,313
Diluted	$	56,319	$	89,358	$	90,803
Class A Common:
Distributed earnings	$	2,628	$	2,516	$	3,609
Undistributed earnings	1,588		4,120		2,704
	$	4,216	$	6,636	$	6,313

Denominator:	2023		2022		2021
Common:
Weighted average shares outstanding - basic	14,988		15,225		16,710
Assumed conversion of Class A Common Stock	1,282		1,284		1,330
Dilutive awards and common stock equivalents	504		529		503
Total weighted average diluted Common Stock	16,774		17,038		18,543
Class A Common:
Weighted average shares outstanding	1,282		1,284		1,330
Basic net earnings per share
Common Stock	$	3.48	$	5.43	$	5.06
Class A Common Stock	$	3.29	$	5.17	$	4.75
Diluted net earnings per share
Common Stock	$	3.36	$	5.24	$	4.90
Class A Common Stock	$	3.25	$	5.07	$	4.69