Note 5 - Earnings Per Share

6 Months Ended

Jun. 30, 2025

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 and six months ended June 30, 2025 and 2024:

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2025				2024				2025				2024

Numerator:
Net earnings		$	26,861			$	18,806			$	44,735			$	34,680
Less dividends declared:
Class A			127				127				254				256
Class B			740				725				1,477				1,472
Undistributed earnings		$	25,994			$	17,954			$	43,004			$	32,952

Undistributed earnings allocation:
Class A undistributed earnings		$	4,172			$	2,901			$	6,920			$	5,317
Class B undistributed earnings			21,822				15,053				36,084				27,635
Total undistributed earnings		$	25,994			$	17,954			$	43,004			$	32,952

Net earnings allocation:
Class A net earnings		$	4,299			$	3,028			$	7,174			$	5,573
Class B net earnings			22,562				15,778				37,561				29,107
Net earnings		$	26,861			$	18,806			$	44,735			$	34,680

Denominator:
Weighted-average shares outstanding:
Class A			2,115				2,124				2,115				2,131
Class B			10,551				10,492				10,504				10,551

Net earnings per share:
Class A		$	2.03			$	1.43			$	3.39			$	2.61
Class B		$	2.14			$	1.50			$	3.58			$	2.76