| Earnings Per Share Calculation Basic Diluted Earnings Per Share Voting Non Voting Common Stock |
The calculation of basic and diluted earnings per share for the nine months ended December 31, 2025 and 2024 for the voting Common Stock and the Non-Voting Common Stock were as follows:
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Nine months ended |
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December 31, |
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2025 |
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2024 |
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|
(Unaudited) |
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|
|
(In thousands, except share and per share amounts) |
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|
|
|
|
|
|
Weighted average shares outstanding of Voting Common Stock |
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|
19,607,788 |
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|
|
19,607,788 |
|
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock |
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|
196,077,880 |
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|
196,077,880 |
|
Percent of weighted average shares outstanding of Voting Common Stock |
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|
10 |
% |
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|
10 |
% |
|
|
|
|
|
|
|
Net earnings available to common stockholders |
|
$ |
210,913 |
|
|
$ |
449,381 |
|
Voting Common Stock dividends declared and paid |
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|
— |
|
|
|
— |
|
Non-Voting Common Stock dividends declared and paid |
|
|
(26,471 |
) |
|
|
(26,471 |
) |
Undistributed earnings available to common stockholders |
|
$ |
184,442 |
|
|
$ |
422,910 |
|
Undistributed earnings available to common stockholders allocated to Voting Common Stock |
|
$ |
18,444 |
|
|
$ |
42,291 |
|
|
|
|
|
|
|
|
Undistributed earnings per share of Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
|
Dividends declared per share of Voting Common Stock |
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|
— |
|
|
|
— |
|
Basic and diluted earnings per share of Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding of Non-Voting Common Stock |
|
|
176,470,092 |
|
|
|
176,470,092 |
|
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock |
|
|
196,077,880 |
|
|
|
196,077,880 |
|
Percent of weighted average shares outstanding of Non-Voting Common Stock |
|
|
90 |
% |
|
|
90 |
% |
|
|
|
|
|
|
|
Net earnings available to common stockholders |
|
$ |
210,913 |
|
|
$ |
449,381 |
|
Voting Common Stock dividends declared and paid |
|
|
— |
|
|
|
— |
|
Non-Voting Common Stock dividends declared and paid |
|
|
(26,471 |
) |
|
|
(26,471 |
) |
Undistributed earnings available to common stockholders |
|
$ |
184,442 |
|
|
$ |
422,910 |
|
Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock |
|
$ |
165,998 |
|
|
$ |
380,619 |
|
|
|
|
|
|
|
|
Undistributed earnings per share of Non-Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
|
Dividends declared per share of Non-Voting Common Stock |
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|
0.15 |
|
|
|
0.15 |
|
Basic and diluted earnings per share of Non-Voting Common Stock |
|
$ |
1.09 |
|
|
$ |
2.31 |
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|
The calculation of basic and diluted earnings per share for the nine months ended December 31, 2025 and 2024 for the voting Common Stock and the Non-Voting Common Stock were as follows:
|
|
|
|
|
|
|
|
|
|
|
Nine months ended |
|
|
|
December 31, |
|
|
|
2025 |
|
|
2024 |
|
|
|
(Unaudited) |
|
|
|
(In thousands, except share and per share amounts) |
|
|
|
|
|
|
|
|
Weighted average shares outstanding of Voting Common Stock |
|
|
19,607,788 |
|
|
|
19,607,788 |
|
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock |
|
|
196,077,880 |
|
|
|
196,077,880 |
|
Percent of weighted average shares outstanding of Voting Common Stock |
|
|
10 |
% |
|
|
10 |
% |
|
|
|
|
|
|
|
Net earnings available to common stockholders |
|
$ |
210,913 |
|
|
$ |
449,381 |
|
Voting Common Stock dividends declared and paid |
|
|
— |
|
|
|
— |
|
Non-Voting Common Stock dividends declared and paid |
|
|
(26,471 |
) |
|
|
(26,471 |
) |
Undistributed earnings available to common stockholders |
|
$ |
184,442 |
|
|
$ |
422,910 |
|
Undistributed earnings available to common stockholders allocated to Voting Common Stock |
|
$ |
18,444 |
|
|
$ |
42,291 |
|
|
|
|
|
|
|
|
Undistributed earnings per share of Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
|
Dividends declared per share of Voting Common Stock |
|
|
— |
|
|
|
— |
|
Basic and diluted earnings per share of Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding of Non-Voting Common Stock |
|
|
176,470,092 |
|
|
|
176,470,092 |
|
Total weighted average shares outstanding for Voting Common Stock and Non-Voting Common Stock |
|
|
196,077,880 |
|
|
|
196,077,880 |
|
Percent of weighted average shares outstanding of Non-Voting Common Stock |
|
|
90 |
% |
|
|
90 |
% |
|
|
|
|
|
|
|
Net earnings available to common stockholders |
|
$ |
210,913 |
|
|
$ |
449,381 |
|
Voting Common Stock dividends declared and paid |
|
|
— |
|
|
|
— |
|
Non-Voting Common Stock dividends declared and paid |
|
|
(26,471 |
) |
|
|
(26,471 |
) |
Undistributed earnings available to common stockholders |
|
$ |
184,442 |
|
|
$ |
422,910 |
|
Undistributed earnings available to common stockholders allocated to Non-Voting Common Stock |
|
$ |
165,998 |
|
|
$ |
380,619 |
|
|
|
|
|
|
|
|
Undistributed earnings per share of Non-Voting Common Stock |
|
$ |
0.94 |
|
|
$ |
2.16 |
|
Dividends declared per share of Non-Voting Common Stock |
|
|
0.15 |
|
|
|
0.15 |
|
Basic and diluted earnings per share of Non-Voting Common Stock |
|
$ |
1.09 |
|
|
$ |
2.31 |
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|