XML 108 R98.htm IDEA: XBRL DOCUMENT v3.22.2
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
EARNINGS PER SHARE        
Net income $ 23,901 $ 23,922 $ 51,827 $ 49,975
Dividends declared on Common Stock:        
Undistributed net income for basic earnings per share 17,184 17,634 38,358 37,328
Weighted average potential dividends on Class A shares upon exercise of dilutive options (21) (17) (49) (40)
Undistributed net income for diluted earnings per share $ 17,163 $ 17,617 $ 38,309 $ 37,288
Weighted average shares outstanding:        
Effect of dilutive securities on Class A Shares outstanding 62,000 55,000 71,000 65,000
Weighted average shares outstanding including dilutive securities 20,169,000 20,949,000 20,202,000 21,016,000
Stock option        
Diluted earnings per share:        
Antidilutive stock options (in shares) 187,000 149,000 186,000 169,000
Stock option | Weighted Average        
Diluted earnings per share:        
Antidilutive stock options (in shares) 184,000 149,000 178,000 166,000
Class A Common Stock        
EARNINGS PER SHARE        
Cash dividend premium per share (as a percent)     10.00%  
Dividends declared on Common Stock:        
Dividends declared on Common Stock $ (6,047) $ (5,680) $ (12,128) $ (11,423)
Weighted average shares outstanding:        
Weighted average shares outstanding 17,946,000 18,712,000 17,968,000 18,761,000
Basic earnings per share:        
Per share dividends distributed $ 0.34 $ 0.31 $ 0.68 $ 0.62
Undistributed earnings per share 0.86 0.85 1.92 1.80
Total basic earnings per share 1.20 1.16 2.60 2.42
Diluted earnings per share:        
Per share dividends distributed 0.34 0.31 0.68 0.62
Undistributed earnings per share 0.86 0.85 1.91 1.79
Total diluted earnings per share $ 1.20 $ 1.16 $ 2.59 $ 2.41
Class B Common Stock        
Dividends declared on Common Stock:        
Dividends declared on Common Stock $ (670) $ (608) $ (1,341) $ (1,224)
Weighted average shares outstanding:        
Weighted average shares outstanding 2,161,000 2,182,000 2,163,000 2,190,000
Basic earnings per share:        
Per share dividends distributed $ 0.31 $ 0.28 $ 0.62 $ 0.56
Undistributed earnings per share 0.78 0.77 1.75 1.64
Total basic earnings per share 1.09 1.05 2.37 2.20
Diluted earnings per share:        
Per share dividends distributed 0.31 0.28 0.62 0.56
Undistributed earnings per share 0.78 0.77 1.74 1.63
Total diluted earnings per share $ 1.09 $ 1.05 $ 2.36 $ 2.19