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EARNINGS (LOSS) PER SHARE
9 Months Ended
Sep. 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 nine months ended September 30, 2017 and 2016:

  
 
Three Months Ended
  
Nine Months Ended
 
  
 
September 30,
  
September 30,
 
 
 
2017
  
2016
  
2017
  
2016
 
 
            
Numerator:
            
Net earnings (loss)
 
$
5,024
  
$
9,710
  
$
8,890
  
$
(68,211
)
Less dividends declared:
                
     Class A
  
131
   
131
   
392
   
392
 
     Class B
  
691
   
683
   
2,079
   
2,044
 
Undistributed earnings (loss)
 
$
4,202
  
$
8,896
  
$
6,419
  
$
(70,647
)
 
                
Undistributed earnings (loss) allocation - basic and diluted:
             
     Class A undistributed earnings (loss)
 
$
729
  
$
1,557
  
$
1,115
  
$
(12,400
)
     Class B undistributed earnings (loss)
  
3,473
   
7,339
   
5,304
   
(58,247
)
     Total undistributed earnings (loss)
 
$
4,202
  
$
8,896
  
$
6,419
  
$
(70,647
)
 
                
Net earnings (loss) allocation - basic and diluted:
                
     Class A net earnings (loss)
 
$
860
  
$
1,688
  
$
1,507
  
$
(12,008
)
     Class B net earnings (loss)
  
4,164
   
8,022
   
7,383
   
(56,203
)
     Net earnings (loss)
 
$
5,024
  
$
9,710
  
$
8,890
  
$
(68,211
)
 
                
Denominator:
                
Weighted-average shares outstanding:
                
     Class A - basic and diluted
  
2,175
   
2,175
   
2,175
   
2,175
 
     Class B - basic and diluted
  
9,864
   
9,760
   
9,856
   
9,730
 
 
                
Net earnings (loss) per share:
                
     Class A - basic and diluted
 
$
0.40
  
$
0.78
  
$
0.69
  
$
(5.52
)
     Class B - basic and diluted
 
$
0.42
  
$
0.82
  
$
0.75
  
$
(5.78
)