Equity (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Changes in Total Common Stockholders' Equity

The Company’s changes in total equity for the three and nine months ended September 30, 2025 and 2024 were as follows:


	Three Months Ended September 30, 2025
	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total Equity

	Shares	Amount
	(In thousands)
















Balance at June 30, 2025	59,581	$	596	$	968,820	$	692,319	$	(6,909)	$	2,443	$	1,657,269
Net income (loss)	—	—		—		61,230		—		(114)		61,116
Issuance of common stock	12			2,344		—		—		—		2,344
Repurchase of common stock	(2)	—		(112)		—		—		—		(112)
Dividends paid on common stock ($0.30 per share)	—	—		—		(17,876)		—		—		(17,876)
Other comprehensive income, net of tax (a)	—	—		—		—		154		—		154
Investment in business with noncontrolling interest	—	—		(92)		—		—		92		—
Balance at September 30, 2025	59,591	$	596	$	970,960	$	735,673	$	(6,755)	$	2,421	$	1,702,895



	Nine Months Ended September 30, 2025
	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total Equity

	Shares	Amount
	(In thousands)
Balance at January 1, 2025	59,484	$	595	$	966,975	$	674,918	$	(7,217)	$	3,015	$	1,638,286
Net income (loss)	—	—		—		116,729		—		(361)		116,368
Issuance of common stock	136	1		5,869		—		—		—		5,870
Repurchase of common stock	(29)	—		(1,326)		—		—		—		(1,326)
Dividends paid on common stock ($0.94 per share)	—	—		—		(55,974)		—		—		(55,974)
Other comprehensive income, net of tax (a)	—	—		—		—		462		—		462
Investment in business with noncontrolling interest	—	—		(558)		—		—		558		—
Distribution to noncontrolling interest	—	—		—		—		—		(791)		(791)
Balance at September 30, 2025	59,591	$	596	$	970,960	$	735,673	$	(6,755)	$	2,421	$	1,702,895


	Three Months Ended September 30, 2024
	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total Equity

	Shares	Amount
	(In thousands)
















Balance at June 30, 2024	58,825	$	588	$	929,376	$	627,705	$	(13,068)	$	3,090	$	1,547,691
Net income (loss)	—	—		—		60,680		—		(126)		60,554
Issuance of common stock	650	7		36,085		—		—		—		36,092
Repurchase of common stock	(2)	—		(104)		—		—		—		(104)
Dividends paid on common stock ($0.28 per share)	—	—		—		(16,472)		—		—		(16,472)
Other comprehensive income, net of tax (a)	—	—		—		—		3,871		—		3,871
Investment in business with noncontrolling interest	—	—		(79)		—		—		79		—
Balance at September 30, 2024	59,473	$	595	$	965,278	$	671,913	$	(9,197)	$	3,043	$	1,631,632



	Nine Months Ended September 30, 2024
	Common Stock			Additional Paid-in Capital		Retained Earnings		Accumulated Other Comprehensive Loss		Noncontrolling Interest		Total Equity

	Shares	Amount
	(In thousands)
Balance at January 1, 2024	57,724	$	577	$	876,583	$	549,573	$	—	$	3,579	$	1,430,312
Net income (loss)	—	—		—		171,148		—		(527)		170,621
Issuance of common stock	1,778	18		90,514		—		—		—		90,532
Repurchase of common stock	(29)	—		(1,339)		—		—		—		(1,339)
Dividends paid on common stock ($0.84 per share)	—	—		—		(48,808)		—		—		(48,808)
Other comprehensive loss, net of tax (a)	—	—		—		—		(9,197)		—		(9,197)
Investment in business with noncontrolling interest	—	—		(480)		—		—		480		—
Distribution to noncontrolling interest	—	—		—		—		—		(489)		(489)
Balance at September 30, 2024	59,473	$	595	$	965,278	$	671,913	$	(9,197)	$	3,043	$	1,631,632

(a) This accumulated other comprehensive loss component is included in the computation of net periodic benefit 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.