Stock and Earnings Per Share (Tables)

9 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Stock by Class

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

Nine Months Ended September 30,	2024		2023
(In thousands)	Common Stock Class A	Treasury Stock	Common Stock Class A	Treasury Stock
Balance at beginning of year	53,883	5,330	53,758	4,937
Stock issued for compensation	340	—	122	—
Acquisition of Class A shares	—	—	—	325
Balance at end of period	54,223	5,330	53,880	5,262

Schedule of Earnings Per Share, Basic and Diluted

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

Three Months Ended September 30,	2024		2023
(In thousands, except per share amounts)
Basic and diluted earnings per share:
Numerator:
Net income	$	2,790	2,698
Net income allocated to Class A common stock	$	2,790	2,698
Denominator:
Weighted average shares of Class A outstanding - basic	49,837		49,615
Weighted average shares of Class A outstanding - diluted	50,669		50,522
Basic earnings per share of Class A common stock	$	0.06	0.06
Diluted earnings per share of Class A common stock	$	0.05	0.05

Nine Months Ended September 30,	2024		2023
(In thousands, except per share amounts)
Basic and diluted earnings per share:
Numerator:
Net income	$	11,291	13,696
Net income allocated to Class A common stock	$	11,291	13,696
Denominator:
Weighted average shares of Class A outstanding - basic	49,687		49,739
Weighted average shares of Class A outstanding - diluted	50,519		50,647
Basic earnings per share of Class A common stock	$	0.23	0.28
Diluted earnings per share of Class A common stock	0.22		0.27