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Note 4 - Earnings (Loss) Per Share
9 Months Ended
Sep. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]

4.

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, 2020 and 2019:

 

  

Three Months Ended

  

Nine Months Ended

 
  

September 30,

  

September 30,

 
  

2020

  

2019

  

2020

  

2019

 
                 

Numerator:

                

Net earnings (loss)

 $7,475  $(6,490) $9,244  $(2,391)

Less dividends declared:

                

Class A

  129   131   388   392 

Class B

  717   710   2,133   2,124 

Undistributed earnings (loss)

 $6,629  $(7,331) $6,723  $(4,907)
                 

Undistributed earnings (loss) allocation - basic and diluted:

                

Class A undistributed earnings (loss)

 $1,104  $(1,243) $1,124  $(834)

Class B undistributed earnings (loss)

  5,525   (6,088)  5,599   (4,073)

Total undistributed earnings (loss)

 $6,629  $(7,331) $6,723  $(4,907)
                 

Net earnings (loss) allocation - basic and diluted:

                

Class A net earnings (loss)

 $1,233  $(1,112) $1,512  $(442)

Class B net earnings (loss)

  6,242   (5,378)  7,732   (1,949)

Net earnings (loss)

 $7,475  $(6,490) $9,244  $(2,391)
                 

Denominator:

                

Weighted-average shares outstanding:

                

Class A - basic and diluted

  2,145   2,173   2,145   2,174 

Class B - basic and diluted

  10,223   10,139   10,176   10,113 
                 

Net earnings (loss) per share:

                

Class A - basic and diluted

 $0.57  $(0.51) $0.70  $(0.20)

Class B - basic and diluted

 $0.61  $(0.53) $0.76  $(0.19)