We report our earnings per share using the two-class method. The income per share for each class of common stock is calculated assuming 100% of our earnings are distributed as dividends to each class of common stock based on the contractual rights of the classes.

The Common Stock of the Company has a preferential dividend rate of at least 105% of the dividend paid on the Class A Common Stock. Holders of the Class A Common Stock have greater voting rights which include voting as a separate class for the election of up to 75% of the total number of directors whereas holders of the Common Stock vote as a separate class for the election of at least 25% of the total number of directors. On all other matters subject to shareholder vote, holders of the Class A Common Stock have ten votes per share as opposed to holders of the Common Stock receiving one vote per share. Class A Common Stock may be converted at any time on a one-for-one basis into Common Stock at the option of the holder of the Class A Common Stock.


	Three Months Ended March 31,
	2026		2025
Numerator:
Common:
Distributed earnings	$	4,934	$	4,799
Excess distributions	(973)		(1,290)
Basic	3,961		3,509
Class A Common earnings	300		269
Diluted	$	4,261	$	3,778

Class A Common:
Distributed earnings	$	375	$	374
Excess distributions	(75)		(105)
	$	300	$	269
Denominator:
Common:
Weighted average shares outstanding - basic	14,928		14,931
Assumed conversion of Class A Common Stock	1,210		1,263
Dilutive options, awards and common stock equivalents	499		369
Total weighted-average diluted Common Stock	16,637		16,563

Class A Common:
Weighted average shares outstanding	1,210		1,263

Basic earnings per share:
Common Stock	$	0.27	$	0.24
Class A Common Stock	$	0.25	$	0.21

Diluted earnings per share:
Common Stock	$	0.26	$	0.23
Class A Common Stock	$	0.25	$	0.21