XML 20 R9.htm IDEA: XBRL DOCUMENT v3.7.0.1
EARNINGS (LOSS) PER SHARE
 6 Months Ended
Jun. 30, 2017
EARNINGS (LOSS) PER SHARE [Abstract]  
EARNINGS (LOSS) PER SHARE
2.
EARNINGS (LOSS) PER SHARE

The following table sets forth the calculation of basic and diluted net earnings (loss) per common share under the two-class method for the three and six months ended June 30, 2017 and 2016:

  
 
Three Months Ended
  
Six Months Ended
 
 
 
June 30,
  
June 30,
 
 
 
2017
  
2016
  
2017
  
2016
 
 
            
Numerator:
            
Net earnings (loss)
 
$
3,120
  
$
22,776
  
$
3,866
  
$
(77,921
)
Less dividends declared:
                
     Class A
  
131
   
131
   
261
   
261
 
     Class B
  
689
   
678
   
1,388
   
1,360
 
Undistributed earnings (loss)
 
$
2,300
  
$
21,967
  
$
2,217
  
$
(79,542
)
 
                
Undistributed earnings (loss) allocation - basic and diluted:
             
     Class A undistributed earnings (loss)
 
$
399
  
$
3,856
  
$
385
  
$
(13,979
)
     Class B undistributed earnings (loss)
  
1,901
   
18,111
   
1,832
   
(65,563
)
     Total undistributed earnings (loss)
 
$
2,300
  
$
21,967
  
$
2,217
  
$
(79,542
)
 
                
Net earnings (loss) allocation - basic and diluted:
                
     Class A net earnings (loss)
 
$
530
  
$
3,987
  
$
646
  
$
(13,718
)
     Class B net earnings (loss)
  
2,590
   
18,789
   
3,220
   
(64,203
)
     Net earnings (loss)
 
$
3,120
  
$
22,776
  
$
3,866
  
$
(77,921
)
 
                
Denominator:
                
Weighted-average shares outstanding:
                
     Class A - basic and diluted
  
2,175
   
2,175
   
2,175
   
2,175
 
     Class B - basic and diluted
  
9,859
   
9,729
   
9,852
   
9,715
 
 
                
Net earnings (loss) per share:
                
     Class A - basic and diluted
 
$
0.24
  
$
1.83
  
$
0.30
  
$
(6.31
)
     Class B - basic and diluted
 
$
0.26
  
$
1.93
  
$
0.33
  
$
(6.61
)