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Equity
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Equity Equity
On April 29, 2022, the Company entered into an equity distribution agreement to sell shares of its common stock having an aggregate gross sales price of up to $350.0 million from time to time depending on market conditions through an at-the-market equity program over the succeeding three years. The Company intends to use the net proceeds from these sales, after deducting commissions and offering expenses, for general corporate purposes, which may include working capital, construction and acquisition expenditures, investments and repurchases, and redemptions of securities. During the three months ended March 31, 2025 and 2024, the Company did not utilize the at-the-market equity program.
The Company’s changes in total equity for the three months ended March 31, 2025 and 2024 were as follows:
Three Months Ended March 31, 2025
 Common StockAdditional
Paid-in
Capital
Retained
Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interest
Total Equity
 SharesAmount
 (In thousands)
Balance at January 1, 202559,484 $595 $966,975 $674,918 $(7,217)$3,015 $1,638,286 
Net income (loss)— — — 13,331 — (129)13,202 
Issuance of common stock110 2,133 — — — 2,134 
Repurchase of common stock(24)— (1,109)— — — (1,109)
Dividends paid on common stock ($0.34 per share)
— — — (20,226)— — (20,226)
Other comprehensive income, net of tax— — — — 154 — 154 
Investment in business with noncontrolling interest
— — (310)— — 310 — 
Distribution to noncontrolling interest— — — — — (452)(452)
Balance at March 31, 202559,570 $596 $967,689 $668,023 $(7,063)$2,744 $1,631,989 
Three Months Ended March 31, 2024
 Common StockAdditional
Paid-in
Capital
Retained
Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interest
Total Equity
 SharesAmount
 (In thousands)
Balance at January 1, 202457,724 $577 $876,583 $549,573 $— $3,579 $1,430,312 
Net income (loss)— — — 69,917 — (227)69,690 
Issuance of common stock55 1,506 — — — 1,507 
Repurchase of common stock(25)— (1,142)— — — (1,142)
Dividends paid on common stock ($0.28 per share)
— — — (16,164)— — (16,164)
Adjustment for unrecoverable pension benefit plan costs— — — — (13,663)— (13,663)
Amounts reclassified to earnings (a)— — — — 297 — 297 
Investment in business with noncontrolling interest
— — (53)— — 53 — 
Balance at March 31, 202457,754 $578 $876,894 $603,326 $(13,366)$3,405 $1,470,837 
(a) This accumulated other comprehensive loss component is included in the computation of net periodic costs for the Company’s supplemental executive retirement plan (SERP), specifically the following components: amortization of unrecognized (gain) loss and amortization of prior service credit.