XML 41 R33.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Earnings Per Share (Table Text Block)
3 Months Ended
Jun. 30, 2024
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 June 30, 2024 and 2023 for our Voting Common Stock and Non-Voting Common Stock were as follows:

 

 

 

For the Quarters Ended

 

 

 

June 30,

 

 

 

2024

 

 

2023

 

 

 

(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

 

$

195,417

 

 

$

256,838

 

Voting Common Stock dividends declared and paid

 

 

 

 

 

 

Non-Voting Common Stock dividends declared and paid

 

 

(8,824

)

 

 

(7,059

)

Undistributed earnings available to common stockholders

 

$

186,593

 

 

$

249,779

 

Undistributed earnings available to common stockholders allocated to Voting Common Stock

 

$

18,659

 

 

$

24,978

 

 

 

 

 

 

 

 

Undistributed earnings per share of Voting Common Stock

 

$

0.95

 

 

$

1.27

 

Dividends declared per share of Voting Common Stock

 

$

 

 

$

 

Basic and diluted earnings per share of Voting Common Stock

 

$

0.95

 

 

$

1.27

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

195,417

 

 

$

256,838

 

Voting Common Stock dividends declared and paid

 

 

 

 

 

 

Non-Voting Common Stock dividends declared and paid

 

 

(8,824

)

 

 

(7,059

)

Undistributed earnings available to common stockholders

 

$

186,593

 

 

$

249,779

 

Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock

 

$

167,934

 

 

$

224,801

 

 

 

 

 

 

 

 

Undistributed earnings per share of Non-Voting Common Stock

 

$

0.95

 

 

$

1.27

 

Dividends declared per share of Non-Voting Common Stock

 

$

0.05

 

 

$

0.04

 

Basic and diluted earnings per share of Non-Voting Common Stock

 

$

1.00

 

 

$

1.31