Note 5 - Earnings Per Share

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Earnings Per Share [Text Block]

5. EARNINGS PER SHARE

The following table sets forth the calculation of basic and diluted net earnings per common share under the two-class method for the three months ended March 31, 2024 and 2023:

	Three Months Ended
	March 31,
	2024		2023
Numerator:
Net earnings	$	15,874	$	14,572
Less dividends declared:
Class A		129		128
Class B		747		747
Undistributed earnings	$	14,998	$	13,697
Undistributed earnings allocation:
Class A undistributed earnings	$	2,416	$	2,203
Class B undistributed earnings		12,582		11,494
Total undistributed earnings	$	14,998	$	13,697
Net earnings allocation:
Class A net earnings	$	2,545	$	2,331
Class B net earnings		13,329		12,241
Net earnings	$	15,874	$	14,572
Denominator:
Weighted-average shares outstanding:
Class A		2,139		2,142
Class B		10,610		10,639
Net earnings per share:
Class A	$	1.19	$	1.09
Class B	$	1.26	$	1.15