Stock and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2023

Earnings Per Share [Abstract]

Schedule of Stock by Class

A summary of the change in number of shares of Class A and Class B common stock and treasury stock issued is as follows:

	Nine Months Ended September 30,
	2023			2022
(In thousands)	Common Stock		Treasury	Common Stock		Treasury
	Class A	Class B	Stock	Class A	Class B	Stock
Balance at beginning of year	53,758	1,002	4,937	53,170	1,002	4,138
Stock issued under stock investment plan	—	—	—	475	—	—
Stock issued for compensation	122	—	—	90	—	—
Acquisition of Class A shares	—	—	325	—	—	615
Other share issuance	—	—	—	22	—	—
Balance at end of period	53,880	1,002	5,262	53,757	1,002	4,753

Schedule of Earnings Per Share, Basic and Diluted

The following table sets forth the computation of basic and diluted earnings (loss) per share.

Three Months Ended September 30,	2023		2022
(In thousands, except per share amounts)
Basic and diluted earnings (loss) per share:
Numerator:
Net income (loss)	$	2,698	3,407
Net income (loss) allocated to Class A common stock	$	2,698	3,407
Denominator:
Weighted average shares of Class A outstanding - basic	49,615		50,075
Weighted average shares of Class A outstanding - diluted	50,522		50,799
Basic earnings (loss) per share of Class A common stock	$	0.06	0.07
Diluted earnings (loss) per share of Class A common stock	$	0.05	0.06

Nine Months Ended September 30,	2023		2022
(In thousands, except per share amounts)
Basic and diluted earnings (loss) per share:
Numerator:
Net income (loss)	$	13,696	12,348
Net income (loss) allocated to Class A common stock	$	13,696	12,348
Denominator:
Weighted average shares of Class A outstanding - basic	49,739		50,203
Weighted average shares of Class A outstanding - diluted	50,647		50,927
Basic earnings (loss) per share of Class A common stock	$	0.28	0.25
Diluted earnings (loss) per share of Class A common stock	0.27		0.24