Earnings Per Share (Table Text Block)

9 Months Ended

Dec. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share Calculation Basic Diluted Earnings Per Share Voting Non Voting Common Stock

The calculation of basic and diluted earnings per share for the quarters ended December 31, 2023 and 2022 for our Voting Common Stock and Non-Voting Common Stock were as follows:

	For the Quarters Ended
	December 31,
	2023			2022
	(Unaudited)
	(In thousands, except share and per share amounts)
Weighted average shares outstanding of Voting Common Stock		19,607,788			19,607,788
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock		196,077,880			196,077,880
Percent of weighted average shares outstanding of Voting Common Stock		10	%		10	%
Net earnings available to common stockholders	$	99,224		$	198,852
Voting Common Stock dividends declared and paid		—			—
Non-Voting Common Stock dividends declared and paid		(8,823	)		(7,059	)
Undistributed earnings available to common stockholders	$	90,401		$	191,793
Undistributed earnings available to common stockholders allocated to Voting Common Stock	$	9,040		$	19,179
Undistributed earnings per share of Voting Common Stock	$	0.46		$	0.98
Dividends declared per share of Voting Common Stock	$	—		$	—
Basic and diluted earnings per share of Voting Common Stock	$	0.46		$	0.98
Weighted average shares outstanding of Non-Voting Common Stock		176,470,092			176,470,092
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock		196,077,880			196,077,880
Percent of weighted average shares outstanding of Non-Voting Common Stock		90	%		90	%
Net earnings available to common stockholders	$	99,224		$	198,852
Voting Common Stock dividends declared and paid		—			—
Non-Voting Common Stock dividends declared and paid		(8,823	)		(7,059	)
Undistributed earnings available to common stockholders	$	90,401		$	191,793
Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock	$	81,361		$	172,614
Undistributed earnings per share of Non-Voting Common Stock	$	0.46		$	0.98
Dividends declared per share of Non-Voting Common Stock	$	0.05		$	0.04
Basic and diluted earnings per share of Non-Voting Common Stock	$	0.51		$	1.02

The calculation of basic and diluted earnings per share for the nine months ended December 31, 2023 and 2022 for our Voting Common Stock and Non-Voting Common Stock were as follows:

	Nine months ended
	December 31,
	2023			2022
	(Unaudited)
	(In thousands, except share and per share amounts)
Weighted average shares outstanding of Voting Common Stock		19,607,788			19,607,788
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock		196,077,880			196,077,880
Percent of weighted average shares outstanding of Voting Common Stock		10	%		10	%
Net earnings available to common stockholders	$	629,570		$	887,063
Voting Common Stock dividends declared and paid		—			(19,608	)
Non-Voting Common Stock dividends declared and paid		(22,941	)		(7,059	)
Undistributed earnings available to common stockholders	$	606,629		$	860,396
Undistributed earnings available to common stockholders allocated to Voting Common Stock	$	60,663		$	86,040
Undistributed earnings per share of Voting Common Stock	$	3.09		$	4.39
Dividends declared per share of Voting Common Stock	$	—		$	1.00
Basic and diluted earnings per share of Voting Common Stock	$	3.09		$	5.39
Weighted average shares outstanding of Non-Voting Common Stock		176,470,092			176,470,092
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock		196,077,880			196,077,880
Percent of weighted average shares outstanding of Non-Voting Common Stock		90	%		90	%
Net earnings available to common stockholders	$	629,570		$	887,063
Voting Common Stock dividends declared and paid		—			(19,608	)
Non-Voting Common Stock dividends declared and paid		(22,941	)		(7,059	)
Undistributed earnings available to common stockholders	$	606,629		$	860,396
Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock	$	545,966		$	774,356
Undistributed earnings per share of Non-Voting Common Stock	$	3.09		$	4.39
Dividends declared per share of Non-Voting Common Stock	$	0.13		$	0.04
Basic and diluted earnings per share of Non-Voting Common Stock	$	3.22		$	4.43